MELBOURNE Feb 25 Australia's competition
watchdog said any proposed merger of Australia's two department
store chains, Myer Holdings and David Jones Ltd
, would face a tough competition assessment, and
approval should not be assumed.
"They cannot be assured at all they will get merger approval
from us," Australian Competition and Consumer Commission
Chairman Rod Sims told Australian Broadcasting Corp radio.
He said that given the two are each other's closest
competitors, with many stores in the same shopping centres and
some branded goods exclusively sold by the two, the outcome of a
merger assessment was "not at all assured."
He said the commission would look carefully at global online
retail competition and to what extent people actually rely on
(Reporting by Sonali Paul; editing by Andrew Roche)