Woolies store ban

Woolworths has been blocked from opening a new store near Penrith due to fears it would give it a monopoly. The Australian Competition and Consumer Commission says if Woolworths were to open at Glenmore Ridge it would have operated the only three supermarkets in the area.

Woolworths has been blocked from opening a new store near Penrith due to fears it would give it a monopoly. The Australian Competition and Consumer Commission says if Woolworths were to open at Glenmore Ridge it would have operated the only three supermarkets in the area.

Want access to our latest research and new buy ideas?

Start a free 15 day trial and gain access to our research, recommendations and market-beating model portfolios.

Sign up for free

Related Articles