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Woolworths' bid heads for trouble.

The Australian government has entered the dispute over the carve up of the Franklins discount chain after competition bodies voiced concern about the lion's share of the store portfolio going to Woolworths.

Woolworths' bid to buy 80 of Franklins' best Fresh and Big Fresh stores could fall foul of the regulators, said deputy prime minister John Anderson: "We want to ensure a framework is put in place that maximises the chance for the little guys and the independents."

The competition and consumer commission had to balance some difficult equations, he added. "Unless the independents can obtain enough market share to make them competitive with Coles and Woolworths, there is a danger of Australia having only two grocery chains."
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Title Annotation:bid for Franklins
Comment:Woolworths' bid heads for trouble.(bid for Franklins)
Article Type:Brief Article
Geographic Code:8AUST
Date:May 12, 2001
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