Chris Quin: Foodstuffs North Island CEO on the Commerce Commission blocking proposed North and South Island merger

Heather du Plessis-Allan Drive

Foodstuffs has argued a merger blocked by the Commerce Commission would benefit consumers and suppliers.

The competition watchdog has decided merging the chain's North and South Island co-ops would substantially lessen competition.

Foodstuffs North Island CEO Chris Quin says they're likely to appeal the decision - based on the evidence they have at this point.

He says the move would only have changed the support each retailer received.

"Which is out of sight of customers and a part of retail competition - to bring it together in a more efficient way so that we can keep delivering value and innovation for New Zealanders. That's the disappointing thing about today's outcome."

LISTEN ABOVE

See omnystudio.com/listener for privacy information.