Wednesday, August 1, 2012

Gummi bear-maker Haribo fined by German antitrust body

Haribo gummi bears

The Federal Cartel Office (FCO) said sales staff met informally in 2006-2007 to exchange details on negotiations and discounts with retailers.

Haribo, which belongs to US confectioner Mars, said it had cooperated and accepted the fine.

The probe started after Mars alerted authorities.

"Certain types of information exchange between competitors are inadmissible under competition law," said Andreas Mundt, president of the FCO.

"Competition is impaired by such practices, even if they are not classical hardcore agreements about prices, supply areas, customers or quotas," he added.

He said investigations are still ongoing against two of the other confectionary manufacturers, which were unnamed.

The FCO gave no details about the fourth company.



Source & Image : BBC

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