Summary
- Coles and Woolworths executives avoided explaining why TimTams are more expensive in Australian stores than in London
- Woolworths claimed it followed Arnott’s recommended retail price for the biscuits
- Coles suggested that Arnott’s may not sell their products at the same cost to Australian retailers as to international grocers
- The Australian Competition & Consumer Commission (ACCC) is taking legal action against Woolworths and Coles for allegedly misleading consumers with price hikes