Supermarkets should 'stick to their knitting': David Williams slams vertical integration

Kidder Williams Managing Director David Williams has urged supermarket giants to “stick their knitting” and refrain from vertical integration. The former investment banker who has been behind many of Australia’s biggest food deals sat down with Sky News Australia Business Editor Ross Greenwood to discuss whether the food industry and farmers need an inquiry into supermarkets and their pricing practices. “One of the things that I find frustrating at the moment is some of the major supermarkets are trying to be vertically integrated,” Mr Williams said. “By buying a meat abattoir or a milk plant. “They really should stick to their knitting in my opinion.”