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Article: ACCC concerned with JB Hi Fi's entry into Ballarat.
- Article from:
- M2 Presswire
- Article date:
- March 3, 2008
CopyrightCOPYRIGHT 2008 M2 Communications Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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M2 PRESSWIRE-3 March 2008-ACCC: ACCC concerned with JB Hi Fi's entry into Ballarat(C)1994-2008 M2 COMMUNICATIONS LTD
RDATE:03032008
The Australian Competition and Consumer Commission has accepted a court-enforceable undertaking from JB Hi Fi Limited after concerns about the arrangements it made with a small retailer in Ballarat to close its store.
Before mid 2007 JB Hi Fi approached (I Can't Get No) Satisfaction Pty Ltd, a retailer of music in Ballarat, to buy its business. The parties agreed on a sale price with JB Hi Fi intending to trade from Satisfaction's premises.
However, JB Hi Fi decided that Satisfaction's premises were too ...