Price Caps on Food Would Be ‘Harebrained’ Says M&S Chairman
- Retail veteran believes cost of essentials is already falling
- Archie Norman also takes swipe at competition watchdog
This article is for subscribers only.
A government plan to bring in voluntary price caps on food has been labeled “harebrained” by one of Britain’s most experienced retailers.
Archie Norman, chairman of Marks & Spencer Group Plc, also criticized the UK’s Competition and Markets Authority, which is investigating the price of groceries.