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EU Commission issues Oreo maker Mondelez hefty fine for blocking cross-border sale

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Mondelez News

EU Commission,Fine,Cross-Border Sales

The European Commission has imposed a hefty fine on food company Mondelez, the owner of Oreo cookies and other snack brands.

by Associated PressBRUSSELS — 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.

 

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EU Commission fines Oreo maker Mondelez 337.5 million euros for blocking cross-border salesThe 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.
Source: AP - 🏆 728. / 51 Read more »