Chocolate Makers Accused Of Price Fixing

Times:

Some of the world's leading chocolate manufacturers could face tough fines after German authorities raided seven companies in a price-fixing investigation.

The German Federal Cartel Office raided seven companies, including Nestle, Mars, Kraft and Ritter, last Thursday after "information from the market".

A spokeswoman for the authority said: "We think there was collusion on price rises."

The raids follow recent price rises of between 10 per cent and 12 per cent that were made by the companies within a few weeks of each other.

Read the whole story: Times

Comments

[Dendroica]

Notice that this action took place in Germany, not the US.

In the US, price fixing is considered honorable.

[WIpatriot]

Oh sure, it's OK when oil companies do it and make billions, but when chocolate companies want to make a few cents, they're busted. I guess that covers the full spectrum of corporate profiteering.

[Rule Of Law]

And right before Valentine's Day? Is nothing sacred? Expect the Million Woman March on Nestles' headquarters soon!

[mediamarv]

No, an American company involved in price fixing??? No way... unless they are Republican based, then of course it's business as usual.....