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Market
Will ACCC reach a settlement with Coles and Woolworths by end of 2024?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Publicly available announcements from ACCC, Coles, and Woolworths
Story
ACCC Sues Coles and Woolworths in Blockbuster Court Case Over Misleading Discount Claims
Sep 23, 2024, 01:06 AM
The Australian Competition and Consumer Commission (ACCC) has launched legal proceedings in court against Coles and Woolworths, Australia's two largest supermarket chains, over allegations of misleading discount claims. The ACCC accuses the retailers of promoting false discounts on hundreds of common supermarket products through their 'Down Down' and 'Prices Dropped' campaigns. Australian Prime Minister Anthony Albanese commented on the seriousness of the allegations, noting that overcharging for products can impact inflation. This case is seen as a blockbuster move by the ACCC.
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Similar markets
Yes • 50%
No • 50%
ACCC wins • 33%
Coles wins • 33%
Woolworths wins • 33%
Less than AUD 10 million • 25%
Between AUD 10 million and AUD 25 million • 25%
Between AUD 25 million and AUD 50 million • 25%
More than AUD 50 million • 25%
Yes • 50%
No • 50%
Positive • 33%
Negative • 33%
Neutral • 33%
Yes • 50%
No • 50%
