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The Wall Street Journal reports this morning that the UK Competition Commission has set the parameters for its current investigation into Britain’s supermarket industry, saying that it will focus exclusively on sales of food products and whether the relationships between major retailers and suppliers are having a detrimental impact on consumers. Specifically, the probe will look at whether the structure and intricacies of the supply chain actually results in reduced selection and higher prices.

In addition the commission will look at whether Tesco has been stockpiling real estate for the express purpose of keeping the competition from gaining locations and market share.

British law requires that the commission publish a final report by May 2008, but it reportedly is aiming for an October 2007 completion of its duties.
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