One of Canada’s biggest commercial bakeries pleaded guilty for its role in a bread price-fixing scheme, was fined CA$50m - the highest on record - and has been placed on the government’s list of banned suppliers. But the reputational harm could be the...
Eleven chocolate companies including Nestlé and Kraft have been fined over €60m ($82m) for colluding to raise chocolate prices in Germany, while price fixing investigations continue in the US and Canada.
Rising food prices across Europe are not attributable to a failure of competition dynamics in the food industry, according to a report just issued by the European Competition Network (ECN).
UK plans to install a retail ombudsman to enforce a new code of conduct for retailer-supplier relations could shift the balance of power in the food supply chain back towards food manufacturers, says the BRC, which opposes the move.
The UK’s Competition Commission is asking government to establish an ombudsman to arbitrate in disputes between retailers and suppliers, as retailers have declined to act and the Commission does not have the power to do so itself.
Irish dairy group Glanbia has reached a settlement with the Irish
competition authority over allegations concerning the fixing of the
retail price of milk.
