China: A new infant formula scandal? Foreign manufacturers probed for price-fixing
Five manufacturers of infant milk formula are under watch from regulators within China for allegations of anticompetitive behavior, reported the Beijing Times. Nestle, Abbott Laboratories, Mead Johnson Nutrition, Danone’s Dumex and Wyeth Nutrition were all named in reports as firms under investigation by the National Development and Reform Commission for allegations of price-fixing; all companies responded to request for comment by assuring full cooperation with authorities. According to reports, up to half of China’s infant formula sales are of foreign brands following the nation’s 2008 tainted formula scandal that ended in six child deaths.
Full Content: Chicago Business
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Uruguayan Antitrust Scrutiny Puts Major Meatpacking Deal Between Marfrig and Minerva on Hold
May 19, 2024 by
CPI
Alaska Airlines Seeks Dismissal of Consumer Lawsuit Over $1.9 Billion Hawaiian Airlines Buy
May 19, 2024 by
CPI
Idaho Attorney General Orders Split of Kootenai Health and Syringa Hospital
May 19, 2024 by
CPI
Court Rejects T-Mobile’s Appeal Bid in Antitrust Case Over Sprint Merger
May 19, 2024 by
CPI
Google Requests Judge, Not Jury, to Decide on Antitrust Case
May 19, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Ecosystems
May 9, 2024 by
CPI
Mapping Antitrust onto Digital Ecosystems
May 9, 2024 by
CPI
Ecosystems and Competition Law: A Law and Political Economy Approach
May 9, 2024 by
CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI