Major alcohol companies suing LCBO over 'contradictory' pricing policies

  • 📰 blogTO
  • ⏱ Reading Time:
  • 33 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 63%

Lcbo News

Alcohol

Fresh off a two-week strike that saw the closure of nearly 700 retail stores across the province, the LCBO has landed itself in hot water once agai...

, which represents multiple major booze conglomerates, announced that it is suing the LCBO over the Crown agency's decision in 2023 to penalize suppliers for non-compliance with"contradictory pricing policies."

Impacted suppliers include Beam Canada Inc. , Brown-Forman Corporation , Corby Spirit and Wine Ltd. , Diageo Canada Inc. , Campari Canada , and Rémy Cointreau USA, Inc. . For several months, suppliers claim they have been trying to resolve the issue of the LCBO abruptly levying millions of dollars in penalties for products sold more than a year earlier.

"The LCBO has taken an unreasonable, contradictory position: suppliers must meet the LCBO's dictated minimum pricing requirements, but now are issued penalties if Ontario prices exceed prices elsewhere in Canada," a press release by Spirit Canada reads.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 44. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines