Aldi Rejects Proposal to Break Up Large Companies

The supermarket chain raises concerns over new competition laws in Australia.
Aldi Rejects Proposal to Break Up Large Companies
An Aldi supermarket is seen in Pflugerville, Texas, on Aug. 17, 2023. Brandon Bell/Getty Images
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German discount supermarket chain Aldi has opposed the inclusion of divestiture powers—which allow authorities to force companies to strip themselves of assets, such as stores and brands—into Australian competition laws.

This comes as the Greens party and the Coalition separately craft legislation allowing the consumer watchdog and the court to break up large companies if they gain too much market power.

Alfred Bui
Alfred Bui
Author
Alfred Bui is an Australian reporter based in Melbourne and focuses on local and business news. He is a former small business owner and has two master’s degrees in business and business law. Contact him at [email protected].