SuperValu and Superquinn, which control more than 30 per cent of the Irish grocery market, said the level of price reductions predicted by the Competition Authority was incorrect and based on flawed analysis.
The Groceries Order, which banned below-cost selling, was abolished exactly 12 months ago following a lengthy campaign by the Competition Authority and consumer rights groups.
The Competition Authority stated at the time that the ban was costing Irish consumers €577 million a year.
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