ACCC raises alarm bells over five liquor takeovers

By on
ACCC raises alarm bells over five liquor takeovers

But another 28 hotel buyouts are “unlikely” to substantially lessen competition, according to the Australian competition watchdog.

 

Hoteliers must be ruminating over the ACCC’s recent decision to oppose buyouts of a handful of hotels in NSW, while at the same time determining 28 other similar takeovers are “unlikely to substantially lessen competition.”

The hotel buyouts, all by the Woolworths Limited backed ALH group, are the latest retailers to come under the ACCC’s gaze after raising concerns about the growing power the group has outside supermarkets.

The five retail acquisitions the ACCC has raised concern about, as listed in the ACCC press release, are: “the Chittaway Tavern in Chittaway Bay; the Albion Park Hotel in Albion Park; and the Ocean Beach Hotel and Umina Foodtown, both of which are located in Umina Beach. The Ocean Beach Hotel also includes the Ocean Beach Cellars, which trades under the same liquor licence.”

The ACCC warns it can apply to the Federal Court if the acquisitions go ahead.

At the same time, the ACCC indicated that the proposed buyout of 28 other hotels was unlikely, in its view, to “substantially lessen competition”.

 

Copyright © BIT (Business IT). All rights reserved.
Tags:

Most Read Articles

You must be a registered member of Business IT to post a comment.
| Register

Poll

How long has your business been operating?
Up to 2 years
2-5 years
5-10 years
More than 10 years
View poll archive

Log In

Username / Email:
Password:
  |  Forgot your password?