Italy’s antitrust authority launched an investigation on Friday into seven companies suspected of passing off lower-quality olive oil as the extra virgin variety prized for its rich flavour and health benefits.
Tests by police this week suggested oil sold as extra virgin by some of Italy’s best-known brands may not meet strict labelling requirements, the authority said in a statement.
The probe comes after prosecutors in the northern city of Turin investigated the same companies on suspicion of commercial fraud and false labelling to deceive consumers.
Being put under investigation does not imply guilt and does not necessarily lead to charges, but the accusations are a blow to an industry that prides itself on quality.
Italy, the world’s second largest producer of olive oil after Spain, exports hundreds of thousands of litres a year, contributing to an overall turnover that agriculture group Coldiretti estimates at 2 billion euros ($2.15 billion).
The agriculture ministry has demanded clarity to protect consumers and producers.
Full content: Daily Mail
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Redfin Settles $9.2M Commission Inflation Lawsuits
May 7, 2024 by
CPI
DOJ Supports Colorado’s Efforts to Block Kroger-Albertsons Merger
May 7, 2024 by
CPI
Japan Considers Regulation of AI Developers
May 7, 2024 by
CPI
European Commission Extends Decision Deadline for Ita-Lufthansa Merger
May 7, 2024 by
CPI
UK, US and Australia Sanction Senior Leader of LockBit Cybercrime Gang
May 7, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI