New Zealand Commerce Commission investigates unapproved merger
One florist had even considered shutting up shop for Mother's Day, worried she would not be able to provide good value bouquets for her customers.
A Commerce Commission spokesman said the organisation was investigating the merger under section 47 of the Commerce Act to see whether it raised any competition issues.
"UFG and FloraMax were previously providing competing flower auction services to flower growers and buyers, including wholesalers and florists."
UFG and Turners and Growers Fresh Limited, which owned FloraMax, had not sought clearance from the commission for the transaction.
Read more at The Country
