Aldi could be the biggest winner from the competition watchdog’s pursuit of Woolworths and Coles over allegations they misled shoppers, with investment bank brokers warning customers will distrust the supermarket giants.
More than $4 billion has been wiped from the value of the two ASX-listed companies since the Australian Competition and Consumer Commission accused them of telling shoppers they had dropped prices when they had actually increased them.
Tom McIlroy is the Financial Review’s Canberra Bureau Chief based in the press gallery at Parliament House. He was previously the AFR’s political correspondent. Connect with Tom on Twitter. Email Tom at thomas.mcilroy@afr.com
