find the latest legal job
Corporate Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Highly-respected, innovative and entrepreneurial Not-for-Profit · Competency based Board
View details
Chief Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Dynamic, high growth organisation · ASX listed market leader
View details
In-house Projects Lawyer | Renewables / Solar | 2-5 Years PQE
Category: Generalists - In House | Location: All Australia
· Help design the future · NASDAQ Listed
View details
Insurance Lawyer (3-5 PAE)
Category: Insurance and Superannuation Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Dynamic organisation ·
View details
Legal Counsel
Category: Corporate and Commercial Law | Location: North Sydney NSW 2060
· 18 month fixed term contract · 3-5 years PQE with TMT exposure
View details
ACCC gives green light on Woolworths merger

ACCC gives green light on Woolworths merger

The competition watchdog has given the green light to Woolworths' acquisition of organic supermarket operator Macro Life.

MAJOR supermarket chains across the country will be turning green over the news that the competition watchdog has given the green light to Woolworths' acquisition of organic supermarket operator Macro Life. 

The Australian Competition and Consumer Commission (ACCC) announced yesterday that the acquisition is unlikely to substantially lessen competition in the retail and wholesale organic food and grocery markets.

It is not yet known who will advise Woolworths on the merger, but Clayton Utz acted for the fresh food giant on its $380 million acquisition of Victorian pub owner Taverner in 2005. 

Worthworths was also under the scrutiny of the ACCC in March last year, when the watchdog inconclusively ended an investigation into its "green" credentials. 

At the time, the ACCC followed up concerns about the labelling of Woolworths Select tissue products, and claims about the sustainability of the fibre used. 

But now the fresh food people can move on the "green" agenda, and align itself with the organic-range Macro Wholefoods stores. 

Woolworths will acquire Macro's organic supermarkets at Crows Nest, Hornsby and Mona Vale in NSW, and Richmond, Black Rock, Glen Waverley and Armadale in Victoria, and a store in Port Melbourne that Macro leased but never opened.

Macro's Bondi Junction store will be sold separately to an independent organic retailer, About Life.

The ACCC also found that if the acquisition did not proceed, Macro was unlikely to operate as a strong competitive force in future due to its declining financial position.

Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

ACCC gives green light on Woolworths merger
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
LCA president Fiona McLeod SC
Aug 17 2017
Where social fault lines meet the justice gap in Aus
After just returning from a tour of the Northern Territory, LCA president Fiona McLeod SC speaks wit...
Marriage equality flag
Aug 17 2017
ALHR backs High Court challenge to marriage equality postal vote
Australian Lawyers for Human Rights (ALHR) has voiced its support for a constitutional challenge to ...
Give advice
Aug 17 2017
A-G issues advice on judiciary’s public presence
Commonwealth Attorney-General George Brandis QC has offered his advice on the public presence of jud...
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...