According to the Competition Bureau, some of the biggest companies were literally nickel\u002Dand\u002Ddiming you on the price of basic food products.
What isn’t up for debate is that Canada Bread and Weston were owned by two of Canada’s richest families when, according to the Competition Bureau, this price fixing took place. The McCain family of Toronto owned Maple Leaf Foods, which owned Canda Bread at the time, and the Weston family, famously represented by Galen Weston Jr. in those ads for Loblaws, owned not only Loblaws, but Weston Foods, their bakery division.
If the admissions in the guilty plea are true, then you have to ask: For what? To pad the profits of highly successful companies and bank accounts of the rich families that owned them? “We are not aware of any wrongdoing by Canada Bread or its senior leadership during the time that we were a shareholder,” Maple Leaf said in a statement. “We are not aware of and have never engaged in inappropriate or anticompetitive activity, and we will defend ourselves vigorously against any allegation to the contrary.”
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
LILLEY: Public outrage should be baked into ongoing saga of bread price fixingAccording to the Competition Bureau, some of the biggest companies were literally nickel\u002Dand\u002Ddiming you on the price of basic food products.
Lire la suite »
LILLEY: Public outrage should be baked into ongoing saga of bread price fixingAccording to the Competition Bureau, some of the biggest companies were literally nickel\u002Dand\u002Ddiming you on the price of basic food products.
Lire la suite »
LILLEY: Record fine in bread price fixing scheme, possible lawsuitCompany agrees to pay a record fine, investigation continues and lawsuits could soon be coming in massive bread price fixing scheme.
Lire la suite »
LILLEY: Record fine in bread price fixing scheme, possible lawsuitCompany agrees to pay a record fine, investigation continues and lawsuits could soon be coming in massive bread price fixing scheme.
Lire la suite »
LILLEY: Record fine in bread price fixing scheme, possible lawsuitCompany agrees to pay a record fine, investigation continues and lawsuits could soon be coming in massive bread price fixing scheme.
Lire la suite »
LILLEY: Record fine in bread price fixing scheme, possible lawsuitCompany agrees to pay a record fine, investigation continues and lawsuits could soon be coming in massive bread price fixing scheme.
Lire la suite »