Business Services Industry
Harvey Norman denounces "vendetta".
Australasian Business Intelligence, November, 2001
Nov 20, 2001 (The Australian Financial Review
ABIX via COMTEX) -- One of Australia's most aggressive retailers has attacked the Australian Competition & Consumer Commission (ACCC). Addressing the AGM of Harvey Norman Holdings, chairman Gerry Harvey said the ACCC's 500 employees were pursuing a "vendetta" against companies that refused to "roll over", after being accused of breaching competition laws. The ACCC has been investigating the furniture and electronics chain over alleged "bait advertising", an illegal ploy luring in shoppers with offers on discounted lines who are then sold other full-price products. Harvey denies any wrongdoing. He says his company's legal fees jumped from $A800,000 to $A1.2 million in 2000-2001, mostly as a result of fighting the...
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