Kaufland

German supermarket discounter Kaufland’s shock decision to abandon the Australian market – quitting before opening a single store, after devoting almost $500 million to the launch – is a positive for the grocery sector, with Coles and Metcash the biggest winners as they were viewed as most likely to lose market share to the foreign entrant.

German supermarket giant Kaufland’s entry into Australia is over almost before it began, after it withdrew from the market before opening a single store.