Recent investigations have unveiled the secretive negotiations and tactics behind the rising supermarket prices in Australia, as reported by ABC News and other outlets. The Four Corners documentary specifically targeted Woolworths and Coles, Australia's two largest supermarkets, revealing practices such as owning 'phantom brands' like 'Two Churches' Shiraz that do not disclose their supermarket affiliation and using strategies to maintain profits at the expense of suppliers and competition. Woolworths CEO Brad Banducci was questioned about the lack of competition in the market, leading to a sensational walkout during an interview. Coles, on the other hand, was highlighted for owning around 260 wine brands, without disclosing their affiliation. Former speaker of the House, Bronwyn Bishop, criticized Banducci, calling him the 'wrong fit for the job'.
Woolworths CEO Brad Banducci is the “wrong fit for the job,” says former speaker of the House Bronwyn Bishop. https://t.co/SCwwgdrkIu
Australia's two biggest supermarkets are being accused of misleading customers and bleeding their suppliers dry. The boss of Woolworths sensationally walked out of an interview, while Coles is also in the firing line. https://t.co/b3nAU1JF34 @tyra_stowers #7NEWS https://t.co/bEfvmvBvvB
Coles owns around 260 brands of wine that don’t disclose their affiliation with the supermarket chain. Four Corners examined the story of ‘Two Churches’ Shiraz, to find out where it's really produced. #4Corners https://t.co/e5OHXHHHs0
Four Corners has spoken to insiders, experts, and the supermarket CEOs themselves to find out just how they operate. Here's what you need to know. https://t.co/2lssFD0CEI
From specials to 'phantom brands': The supermarket tactics you need to know about. #4Corners https://t.co/0WrTxaJBbX
What tactics are the big retail supermarkets using to maintain their profits? You shouldn't be surprised. 😮 @4corners https://t.co/lyvc41Z3hb
This is what happened when Four Corners asked Woolworths CEO Brad Banducci about the lack of competition in the Australian grocery market. Watch the #4Corners documentary tonight: https://t.co/dDRYGLaw2i https://t.co/bsrJD9IETB
The secret negotiations behind the higher supermarket prices you’re paying. #4Corners https://t.co/fmd1GvFwLu