Following the announcement of an investigation into some of the largest chocolate manufacturers over allegations of price-fixing, the Competition Bureau has announced a fine of $4 million to Hershey Canada for its participation in a price-fixing scheme. Hershey, which is not currently under investigation by the Bureau but earlier pleaded guilty to the allegations, first began the collusion in 2007. The case was heard last Friday in Ontario Superior Court of Justice in Toronto. Charges have also been issued against Nestle, Mars and ITWAL Limited, which distributes chocolate products, for similar pricing issues. Canada’s Public Prosecution Service of Canada suggested Hershey should receive lenient treatment due to its cooperation with regulators concerning the case.
Full Content: Confectionery News
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Justice Department Moves to End NCAA Transfer Rule
May 30, 2024 by
CPI
Kenya’s Competition Authority Proposes Tougher Regulations on Big Tech
May 30, 2024 by
CPI
KKR Secures EU Antitrust Approval for $24 Billion Acquisition of Telecom Italia’s Fixed-Line Network
May 30, 2024 by
CPI
European Court Sides with Tech Giants in Italian Regulatory Dispute
May 30, 2024 by
CPI
US Steel and Nippon Steel Secure International Approvals for $14.9B Merger
May 30, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Merger Guidelines Retrospective
May 21, 2024 by
CPI
Mergers of Complements
May 21, 2024 by
CPI
Personality Traits, Private Equity, and Merger Analysis
May 21, 2024 by
CPI
The 2023 Merger Guidelines: Lessons in the Importance of Incipiency, Modern Economics, and Monopsony
May 21, 2024 by
CPI
The 2023 Merger Guidelines: Sharpening Merger Analysis
May 21, 2024 by
CPI