Australian supermarket giant Coles’ latest store opening has been rejected on the basis of blocking out smaller competitors.

In an unprecedented move, Australia's consumer watchdog has exercised new powers to block the opening of a Coles supermarket, on the grounds it could knock out smaller competitors…

Australian supermarket giant Coles’ latest store opening has been rejected on the basis of blocking out smaller competitors.

By slamming the brakes on Coles’ Kalgoorlie play, the watchdog has shattered the growth playbook for supermarket giants and property developers alike.