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German cartel office fines food retailers over price fixing

Staff writer |
Germany's cartel office has fined of 151.6 million euros ($173 million) against seven food retailers and four producers in connection with price fixing.

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The cartel office said investigations at producers and retailers over price fixing of pet food and body care were now closed, while those at makers and sellers of confectionery, coffee and beer would be completed in the coming months.

"In food retailing, as in all other sectors, retailers and producers must not reach agreements on store prices that work to the disadvantage of consumers," cartel office president Andreas Mundt said in a statement.

Retailers themselves also demanded that producers ensure unified prices at rival retailers, the office said.

The office only penalised pricing practices where there clearly was a restriction of competition and a violation of competition law, Mundt said.

The size of the fines for individual companies was not disclosed. The fines varied according to the degree of involvement of each company, the office said.

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