EU Commission fines Oreo maker Mondelez 337.5 million euros for blocking cross-border sales

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Mondelez International News

Inc.,Europe,European Union

The European Commission has imposed a fine of 337.5 million euros ($366 million) on food company Mondelez, the owner of Oreo cookies and other snack brands, for obstructing sales of its products between EU member states.

Mondelez owns the Cadbury and Toblerone chocolate brands as well as Oreo and Chips Ahoy cookies, Triscuit crackers and Perfect Snacks nutrition bars.

“Such illegal practices allowed Mondelez to continue charging more for its own products, to the ultimate detriment of consumers in the EU,” it said. European Commissioner for Competition, Margrethe Vestager, said the case was about the price of groceries, which is a particularly important concern for Europeans at a time of high inflation.

Source: News Formal (newsformal.com)

Inc. Europe European Union General News European Commission Production Facilities Food And Beverage Manufacturing World News F Government Regulations I Nutrition Business World News

 

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