Market intelligence, trend analysis and forecasts for the Food and Drink industries across the regions

Companies / Australia

Woolworths Pledges Commitment To Food Price Inflation Battle

March 2008 | Company Finance Alert

Leading Australian grocery retailer Woolworths has confirmed plans to invest AUD100mn (US$92.6mn) in holding back rising food prices in the country in early 2008. On the back of positive H108 financials (financial year ending June 2008) Woolworths has pledged to return value to its customers. With the company - along with its closest rival Coles - currently the subject of a pricing enquiry concerning its contribution to food price inflation, Woolworths might yet announce even greater investments in holding back rising food

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