On Tuesday, Loblaws said it had participated in a scheme to set the price for certain baked goods for more than a decade, but would avoid punishment in the case because it had tipped off the competition watchdog once upper management became aware of it.
Thursday, December 21, 2017
GROCERY CHAINS FIXING PRICE OF BAKED GOODS
Two of Loblaws' biggest rivals in the grocery business say they are fully co-operating with an investigation by Canada's Competition Bureau into allegations of fixing prices for baked goods, and add that they don't believe they have run afoul of Canada's competition rules.
On Tuesday, Loblaws said it had participated in a scheme to set the price for certain baked goods for more than a decade, but would avoid punishment in the case because it had tipped off the competition watchdog once upper management became aware of it.
On Tuesday, Loblaws said it had participated in a scheme to set the price for certain baked goods for more than a decade, but would avoid punishment in the case because it had tipped off the competition watchdog once upper management became aware of it.
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