A PYMNTS Company

Endive growers fined 3.65M euros for price fixing

By  |  March 6, 2012
Endive growers fined 3.65M euros for price fixing

The Autorité de la Concurrence has fined 11 French producer groups for endives for setting minimum prices. The growers were fined 3.65 million euros (approximately $4.8 million) for colluding to fix prices from 1998 to 2012. Their actions included compulsory destruction of produce and a computer system used to exchange real-time price information. In addition, seven industry associations and unions were fined 320,000 euros for their role.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Endives are the fourth-most consumed vegetable in France. France is the biggest grower of endives in the European Union.

    Full content: Bloomberg

     

    Related content: Tacit vs. Overt Collusion Firm Asymmetries and Numbers: What’s the Evidence? (Stephen Davies, University of East Anglia & Matthew Olczak, Aston Business School)