Buenos Aires Times

economy ECONOMY

Chilean Walmart branch fined US$12.4 million for price fixing

A Chilean anti-trust court fined the local branch of Walmart and two other supermarket chains US$12.4 million for colluding to fix the price of fresh chicken.

Friday 1 March, 2019
Walmart was fined US$12.4 million on Thursday for colluding to fix the price of fresh chicken.
Walmart was fined US$12.4 million on Thursday for colluding to fix the price of fresh chicken. Foto:Bloomberg/PERFIL

More Economy News

A Chilean anti-trust court on Thursday fined two homegrown supermarket chains and the local branch of Walmart US$12.4 million for colluding to fix the price of fresh chicken.

The Court for the Defense of Free Competition found that Walmart, Cencosud and SMU had worked together to set prices from 2008 to 2011.

The three chains, which control 92.5 percent of Chile's grocery sector, said Thursday in separate statements that they would appeal the ruling to the country's Supreme Court.

The case is the latest in a long line of similar price-fixing schemes to plague Chile, including over toilet paper and cement production.

After news of the scandal broke in 2016, the three chains faced a public backlash, with protesters using social media to organize demonstrations against the companies.

-TIMES/AFP

Op-Ed

Top Stories

  1. 1Danish firms push sustainable solutions during Queen Margrethe's visit to BADanish firms push sustainable solutions during Queen Margrethe's visit to BA
  2. 2Former Brazilian president Michel Temer arrested in graft probe
  3. 3Argentina, Chile, Paraguay and Uruguay relaunch 2030 World Cup bid
  4. 4Horrifying video of New Zealand massacre tests websites' ability to curb violent content
  5. 5Massa insists Lavagna's 'vanity' must not impede primaries
  6. 6Study: High potency cannabis 'strongly linked' to psychosis
  7. 7Police suspect 12-year-old girl's suicide linked to WhatsApp terror game Momo
  8. 8Chief-of-staff to Juan Guaidó arrested by Venezuelan intelligence services
  9. 9MercadoLibre secures US$1.85B investment led by PayPal, Dragoneer
  10. 10President calls for greater 'South-South' cooperation as UN summit opens