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
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