Coles making $1.1 billion in profits during a cost of living crisis shows the corporate supermarket duopoly needs to be broken up and price gouging needs to be made illegal, the Greens say.
“Coles is cashing in on a crisis, showing complete contempt for the people who are struggling the most,” Greens Economic Justice Spokesperson Senator Nick McKim said.
“This is corporate greed at its ugliest, and it’s happening because Labor refuses to rein in these corporate giants.”
“Coles’ $1.1 billion profit is a sick joke for the millions of Australians struggling to afford food and groceries.”
“They are price gouging as food prices continue to drive Australia’s stubbornly high inflation numbers.”
“The Greens won’t stand by while corporate giants like Coles bleed Australians dry. It’s time to break up the supermarket duopoly and make price gouging illegal.”
