Canada Bread settles years-long price-fixing allegations, to pay $50-million fine — via financialpost
The Mexican company said the fine it agreed to pay in the settlement, overseen by the Ontario Superior Court, relates to two wholesale price increases implemented by Weston Foods and Canada Bread “more than a decade ago, when Canada Bread was majority owned and controlled by Maple Leaf Foods.”
In a separate statement on June 21, 2023, the Competition Bureau said Canada Bread was entitled to leniency in exchange for co-operation and the guilty plea but was handed the maximum penalty available under the law minus a “leniency discount.”“Fixing the price of bread — a food staple of Canadian households — was a serious criminal offence. Our continuing investigation remains a top priority,” said Commissioner of Competition Matthew Boswell.
“We have acted ethically and lawfully at all times. We are not aware of and have never engaged in inappropriate or anti-competitive activity, and we will defend ourselves vigorously against any allegation to the contrary.”
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
This Beloved Makeup Item Costs Nearly $50 — But TikTok Has Uncovered A More Affordable VersionThe E.l.f. Halo Glow complexion booster may outperform its luxury competitor.
Consulte Mais informação »
Pitch deck that cloud startup Render used to raise $50 million in VCHe was employee No. 8 at Stripe. Now, he's taking on Salesforce and AWS with $50 million in new funding for his startup Render. Here's the pitch deck it used.
Consulte Mais informação »
The Best Italian Beef Starts With The Right BreadThe best Italian beef starts with the right bread
Consulte Mais informação »
Nordstrom Rack Currently Has Limited-Time Under $50 Deals on Hundreds of Bestselling Dresses - E! OnlineShop the best deals on Madewell, Good American, Calvin Klein and more, right in time for summer.
Consulte Mais informação »
Canada's housing market may not be as risky as the IMF thinksStatements about Canada’s heightened housing market risk have alarmed consumers, investors, lenders and policymakers. Read on.
Consulte Mais informação »
FedEx Canada Adds 50 Brightdrop Electric Delivery Vans, Merchants Fleet Orders 12,500 Electric RAM Vans - CleanTechnicaElectric delivery vans are being placed in service everywhere these days as fleet operators embrace their lower costs of operation.
Consulte Mais informação »