Opinion by Mathew Carr, news summary of Bloomberg.
I’m surprised Chicago’s Mondelez is only being caught now…is this also slow regulation?
Don’t misunderstand…this is a deliberate systematic undermining of competition to take extra money from loyal customers.
All executives involved should be personally fined.
Standing by while your boss tells you to break the law is also breaking the law…
“We find that Mondelez illegally restricted retailers from sourcing these products from member states where prices are lower,” the EU’s competition chief Margrethe Vestager said in a statement on Thursday’s settlement. “This allowed Mondelez to maintain higher prices. This harmed consumers, who ended up paying more for chocolate, biscuits and coffee.” She said that price differences of some products varied between 10% and 40% across markets: Bloomberg
Oreo-Maker Mondelez Fined $366 Million for Carving Up EU
