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Canada charges chocolate makers Mars, Nestle with price fixing
Reuters ^ | JUNE 06, 2013 | PETER N HENDERSON

Posted on 06/07/2013 10:07:58 PM PDT by rickmichaels

TORONTO - Canada has charged two of the world’s biggest candy makers, Nestle SA and Mars Inc, with colluding to fix the price of chocolate, the Canadian competition watchdog said on Thursday.

Canada’s Competition Bureau recommended lenient treatment for the Canadian arm of Hershey Co, which cooperated with the investigation. Hershey said it had reached a deal with the bureau, and would plead guilty to a single count of price fixing.

Both Mars and Nestle said they intend to “vigorously defend” themselves against the allegations.

In its statement Hershey expressed regret for its actions and blamed workers who had already left the company.

“The current Hershey Canada senior management team as well as The Hershey Company and its management had no involvement in this conduct,” the statement said.

The Competition Bureau has been probing the allegations of price fixing for five years in a scandal that has already resulted in a major class-action suit. Hershey, Mars and Nestle all agreed to settlements as part of that suit.

A similar class-action suit in the United States is still making its way through a Pennsylvania court.

The Canadian Competition Bureau has also charged ITWAL Limited, a national network of independent wholesale distributors, as well as three individuals: Robert Leonidas, the former chief executive of Nestle Canada; Sandra Martinez, former Nestle Canada president and David Glenn Stevens, president and chief executive ITWAL Limited.

The three executives face up to five years in prison if convicted, while the companies and the executives could each be fined up to $10 million.


TOPICS: Canada; Crime/Corruption
KEYWORDS:

1 posted on 06/07/2013 10:07:58 PM PDT by rickmichaels
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To: rickmichaels

Chocolate wars?

I’ll tell you what, each company should send their youngest, fittest , heterosexual males into the ring.

Cover them with melted chocolate, let them fight it out in public. Winner take all.


2 posted on 06/07/2013 10:15:29 PM PDT by KittenClaws ( You may have to fight a battle more than once in order to win it." - Margaret Thatcher)
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To: KittenClaws

I’ll tell you what, each company should send their youngest, fittest , heterosexual XXXXXX females into the ring.

There I fixed it!


3 posted on 06/07/2013 10:24:11 PM PDT by Mastador1 (I'll take a bad dog over a good politician any day!)
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To: rickmichaels

http://www.enterpriseintegrators.com/flint/4thr/TomSmithsIncredibleBreadMachinePoem.txt

Now, let me state the present rules,”
The lawyer then went on,
“These very simple guidelines
You can rely upon”
You’re gouging on you prices if
You charge more than the rest.
But it’s unfair competition
If you think you can charge less.

“A second point that we would make
To help avoid confusion:
Don’t try to charge the same amount:
That would be collusion!
You must compete. But not too much
For if you do, you see,
Then the market would be yours
And that’s monopoly!”

Price too high? Or price too low?
Now, which charge did they make?
Well, they weren’t loath to charging both
With Public Good at stake!


4 posted on 06/07/2013 10:28:18 PM PDT by TBP (Obama lies, Granny dies.)
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To: rickmichaels

I think Canada is on to something. The price of even a tiny chocolate bar is astronomical these days. As the size of the chocolate bar goes down, the price goes up. On top of that, I read that a lot of chocolate is no longer being manufactured in the U.S. Is it true that Hershey bars are now being made in China? Say it isn’t so.


5 posted on 06/07/2013 10:30:02 PM PDT by holyscroller ( Without God, America is one nation under)
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To: Mastador1

“Now you know it Ain’t feminine to fight”


6 posted on 06/07/2013 10:39:42 PM PDT by KittenClaws ( You may have to fight a battle more than once in order to win it." - Margaret Thatcher)
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To: KittenClaws

Okay they can settle it by wrasslin.


7 posted on 06/07/2013 10:44:27 PM PDT by Mastador1 (I'll take a bad dog over a good politician any day!)
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To: rickmichaels
In its statement Hershey expressed regret for its actions and blamed workers who had already left the company.

How convenient. I had a coworker who passed away and the Ahole boss blamed all bad parts on him for a few months.
8 posted on 06/07/2013 10:45:35 PM PDT by pennyfarmer (Your socialist beat our liberal AGAIN.)
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To: rickmichaels
Chocolate, eh?
9 posted on 06/07/2013 10:47:59 PM PDT by Wyrd bi ful ard (Gone Galt, 11/07/12----No king but Christ! Don't tread on me!)
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To: rickmichaels

I’m glad they finally caught Big Chocolate in the act!


10 posted on 06/07/2013 10:51:50 PM PDT by winner3000
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To: rickmichaels

Nestle lost nutritional value by removing the worm from their logo. Now what?


11 posted on 06/07/2013 10:55:19 PM PDT by Scram1
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To: rickmichaels

Neither of these companies sell much that resembles chocolate. They sell chocolate flavored candy.


12 posted on 06/08/2013 3:42:30 AM PDT by NY.SS-Bar9 (Those that vote for a living outnumber those that work for one.)
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To: NY.SS-Bar9

We have a winner!


13 posted on 06/08/2013 3:49:20 AM PDT by FreedomPoster (Islam delenda est)
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To: rickmichaels

My wife says she would give up chocolate but she is no quitter.


14 posted on 06/08/2013 4:12:25 AM PDT by Average Al
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To: rickmichaels; Clive; exg; Alberta's Child; albertabound; AntiKev; backhoe; Byron_the_Aussie; ...
The ONLY mass-market chocolate worth eating is Cadbury.

To all- please ping me to Canadian topics.

Canada Ping!

15 posted on 06/08/2013 4:08:35 PM PDT by Squawk 8888 (True North- Strong Leader, Strong Dollar)
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To: holyscroller

I doubt that Hershey bars are made in China, but many US confectioners have shifted some or all of their production to Canada and Mexico because of US tariffs & quotas on sugar.


16 posted on 06/08/2013 4:10:46 PM PDT by Squawk 8888 (True North- Strong Leader, Strong Dollar)
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To: NY.SS-Bar9

My thoughts exactly. Cadbury blows ‘em both away.


17 posted on 06/08/2013 4:11:42 PM PDT by Squawk 8888 (True North- Strong Leader, Strong Dollar)
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To: Average Al

Thanks for the new tagline :-)


18 posted on 06/08/2013 4:13:50 PM PDT by Squawk 8888 (I'd give up chocolate but I'm no quitter)
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