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Article: Delay hits OFT supermarkets inquiry
- Article from:
- The Independent (London, England)
- Article date:
- February 1, 1999
- Author:
CopyrightCopyright 1999 The Independent - London. Provided by ProQuest LLC. (Hide copyright information)
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THE OFFICE of Fair Trading is struggling to meet its self-imposed
deadline for the publication of its investigation into supermarket
profits after it was forced to bring in property consultants to help
decide property and other asset values.
It hired one group of consultants just before Christmas. But they
backed out after deciding they wanted the firm's name not to be
disclosed in the report as the OFT had planned. Officials were
forced to hire a second firm, wasting two weeks' work and pushing the
report publication close to the February deadline. The OFT is due to
meet the big four supermarket groups in the next two weeks as its