Woolworths boss Brad Banducci was warned he could face six months in prison or a $5,000 fine if he was held in contempt by the Senate for failing to answer questions at the inquiry into supermarket pricing. Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2024-04-16/woolworths-chief executive officer-threatened-with-contempt-by-senate-committee/103728244
The Woolworths chief executive repeatedly declined to answer questions about the supermarket giant’s profitability, saying some metrics of profitability weren’t relevant.
Coles chief executive Leah Weckert was also grilled and said the enterprise had seen an unprecedented amount of cost price increases come through.
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