U. S. check Pepsi and Coca-Cola for price conspiracy
2023.01.10 11:56
U. S. check Pepsi and Coca-Cola for price conspiracy
Budrigannews.com – Coca-Cola, a beverage giant (NYSE:) PepsiCo and Co. (NASDAQ:) Politico, citing sources, reported on Monday that the U.S. Federal Trade Commission (FTC) is conducting a preliminary investigation into Inc regarding potential price discrimination in the soft drink market.
According to the report, the Robinson-Patman Act is examining both businesses’ pricing strategies.
The antitrust law in the United States prohibits large franchises and chains from pricing small businesses differently.
Walmart (NYSE:) was one of the major retailers that the FTC contacted. Two sources told Politico that Inc. was looking for data and other information on how they purchase and price soft drinks for at least a month. According to the report, Walmart is not a target of the investigation at this time.
More Mizuho analysts raised ExxonMobil’s rating and downgraded others
Coca-Cola, Pepsi, and Walmart did not respond to Reuters’ requests for comment, and the FTC declined to comment.
