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What Did France Regulator Fine Organic Food Groups?
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The Autorité de la concurrence has just struck a decisive blow to the organic distribution sector in France. This sophisticated agreement, carefully orchestrated by the Syndicat national des distributors spécialisés de produits bios (Synadis Bio), aimed to artificially compartmentate the distribution channels in order to preserve high prices. An anticompetitive machination that reveals the possible drifts within a market in full swing.
What did France regulator fine organic food groups?
France fines organic retailers over alleged price collusion France’s competition regulator imposed a total of €12.7 million ($14.7 million) in fines on four organic retail associations after accusations of price collusion. The action highlights how competition authorities are scrutinizing the way…
€12.67 million. That's the total amount of the fine imposed on April 16 by the French Competition Authority on several organic food companies for collusion. The National Union of Specialized Distributors of Organic Products (Synadis Bio) alone received a €10 million penalty. The remainder of the fine was shared between Greenweez (Carrefour), ITM Entreprises, and Les Comptoirs de la Bio (Les Mousquetaires Group). They were penalized for "particip…
Thursday 16 April, the French Autorité de la concurrence sanctioned the trade union of organic stores and to a lesser extent the subsidiaries of the wholesale giants Carrefour and Intermarché, with 12,67...
French regulator fines organic food retail groups for price collusion
France’s regulator has imposed €12.67m in fines on organic retail association Synadis Bio and three companies over price collusion.The post French regulator fines organic food retail groups for price collusion appeared first on Just Food.
On Thursday 16 April, the Autorité de la concurrence imposed fines of EUR 12.67 million on Synadis Bio and the subsidiaries of Carrefour and Intermarché for anti-competitive cartels, aimed at preventing the sale of similar products in specialised stores and large areas.
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