Last week it was Earnest Hillier falling into administration. Today, it’s liquorice maker Betta Foods appointing an administrator. The ABC has the report. I wonder how much of this is brought on by supermarket pressure on supply terms. Or, is it bad buying as the businesses were only recently acquired.
With some Hillier stock in newsagencies it will be interesting to see how their administration plays out – given the extraordinary changes following the Darrell Lea wash up.
problem in this country ( western world) supermarkets have to much power
The US are up in arms because one retailer has 20% of the market – our duopoly has 80% of the grocery market and all the powers that be say its all fine. Not sure I agree.
Eric it is fair to say we have the finest Politicians money can buy so Big Business supports the Liberal Party and gets what it wants (same could be said for Labor and Unions). This means small and medium size business are told by the Liberals we support you the hilt while the same party will only do what suits its donators big business to our detriment. I have written to Liberal politicians 3 times and 3 times I have received answers how they saved the world and Labor if it had its way would of destroyed it yet they not ever adequately addressed or answered the question in my letter. In fact the Last reply I received on the Lotto issue reminds me of a center fold in a stick, beautifully crafted printed and written not 1 bit looked out of place i.e. in the centerfold not 1 hair or body bit out of place but the interior of dubious low moral and ethical value. Their reply to me did not answer my question i.e. and content (interior) that was of no moral or ethical value.