Clearly our prediction that all Franklins stores would soon be rebranded as IGA was a little premature. The Australian Competition and Consumer Commission (ACCC) just announced it is going to appeal the Federal Court decision which said that Franklins could be sold off to Metcash despite ACCC objections, and it looks like the Foxtel/Austar merger is a factor.
The remaining operations of supermarket chain Franklins got sold off to Metcash in July last year, but the buyout was delayed due to objections from the Australian Competition and Consumer Commission (ACCC). Those objections have been dismissed by the Federal Court, which means the remaining 90+ Franklins stores in NSW and the ACT will be sold off to independent retailers and operated under the IGA brand.
