Tuesday, February 2, 2021

Dark Secrets Of A Chocolatier Profiteer: EU Looks Into Mondelez

Never cared for that name, made up, low-quality neologism,  off with their heads.

From DealBreaker:

European Regulators Drop the Hammer
Ms. Vestager has been busy.

Regulators have a lot on their minds these days. From tackling the global health crisis to building sustainable energy infrastructure, it's a full docket.

On Thursday, regulators in the U.K. and the EU launched probes into two highly controversial topics: memes and chocolate....

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.... Chocolatier Profiteer
Regulators in Brussels have opened a formal antitrust investigation into whether Mondelez, the maker of Cadbury chocolate, has restricted competition by hindering cross-border trading of its products across the EU.

Margrethe Vestager, the EU’s executive vice-president for competition, said, “chocolates, biscuits and coffee are products consumed by European citizens daily.” That we already knew.

But Ms. Vestager expressed concern the chocolate maker interfered with a practice known as parallel trade, through which traders can buy products cheaper in one member state and resell them elsewhere in the EU....MORE
Maybe spin out the Cadbury and Toblerone.