By business reporter Michael Janda The Australian Competition and Consumer Commission is taking Coles to court over its treatment of suppliers. The ACCC has instituted proceedings in the Federal Court against Coles alleging that it engaged in unconscionable conduct in its dealings with 200 of its smaller grocery suppliers, under what the supermarket called the Active Retail Collaboration (ARC) program. It is alleged that Coles targeted $16 million in rebates from smaller suppliers, and was seeking ongoing rebates based on a percentage of the price it paid for the grocery products. Coles says it will vigorously defend the allegations that it acted unconscionably, and adds that it is committed to "negotiating fairly and working collaboratively with its suppliers." More » |
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