Foodstuffs review calls National supermarket split modelling 'economically implausible'

Foodstuffs has released a HoustonKemp review of Sense Partners modelling for National's proposal to separate Pak'nSave from New World and Four Square. The review says the modelling is "economically implausible" because it assumes a profit cut equal to 3.5% of sales, while it says net profits are 2.3% of sales.