Co-op admits blocking rivals from setting up nearby shops

Co-op admits blocking rivals from setting up nearby shops

Co-operative Group, Supermarkets, Real estate, Commercial property, Competition and Markets Authority, Retail industry, Regulators, Business, UK news Business | The Guardian

​Supermarket broke rules more than 100 times across its property portfolio, competition regulator saysBusiness live – latest updatesThe Co-op has admitted to more than 100 breaches of a rule which prevents supermarkets blocking rivals from opening competing shops nearby.The competition watchdog said the substantial number of breaches by the mutual, which has nearly 2,400 stores, represented “a significant failure of compliance for a business of Co-op’s size”. Continue reading… 

Supermarket broke rules more than 100 times across its property portfolio, competition regulator says

The Co-op has admitted to more than 100 breaches of a rule which prevents supermarkets blocking rivals from opening competing shops nearby.

The competition watchdog said the substantial number of breaches by the mutual, which has nearly 2,400 stores, represented “a significant failure of compliance for a business of Co-op’s size”.

Continue reading… 

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