The commission alleges that the retailer, whose name was redacted in the statement from commissioners, received “unfair pricing advantages” that were not made available to others.
The Federal Trade Commission is suing Pepsi, alleging it has rigged competition by offering unfair pricing deals to a big retailer at the expense of smaller rivals, resulting in higher costs for shoppers.
The Federal Trade Commission on Friday filed a lawsuit against PepsiCo, Inc., alleging the company engaged in illegal price discrimination by giving an unnamed "large, big box" retailer unfair pricing advantages, while raising prices for others.
"When firms like Pepsi give massive retailers a leg up, it tilts the playing field against small firms and ultimately inflates prices for American consumers," said FTC Chair Lina Khan in the ...
However, despite the lack of appetite for anything solid, nothing tastes and feels better than slurping down a warm bowl of soup while lying in bed, cozy with a warm blanket. Related: Pepsi sued by FTC over controversial law infringement Whether it be tomato,
BofA raised the firm’s price target on Walmart (WMT) to $110 from $105 and keeps a Buy rating on the shares after having hosted CFO John David
Walmart (WMT – Research Report), the Consumer Defensive sector company, was revisited by a Wall Street analyst yesterday. Analyst Robert Ohmes
The Robinson-Patman Act was passed in 1936, but the federal government stopped enforcing it during the deregulation of the 1980s. The FTC resumed its enforcement in December when it sued Southern Glazer’s, the largest U.S. distributor of wine and spirits.
Pepsi has made a statement saying that they do not agree with the accusations, whereas Walmart is basically ignoring what is happening and has refused to comment, according to Reuters. The lawsuit was filed on Friday (Jan. 17) in New York state, accusing Pepsi of violating the Robinson-Patman Act.
A lawsuit filed by the Federal Trade Commission alleges that food and beverage maker PepsiCo engaged in illegal price discrimination by giving unfair price advantages to one big-box retailer.
A substantial portion of the FTC’s allegations were redacted in the complaint due to the legal protections afforded to both PepsiCo and the retailer, according to the FTC.