MEXICO CITY — Shares in Walmart’s Mexico subsidiary dropped about 3.3% Monday after Walmart de Mexico announced it is under investigation for alleged monopolistic practices.But an analysis report from Intercam Banco said Mexico’s economic competition commission could be alleging price-fixing or other practices at Walmart, the country’s largest retailer.
Walmart issued a statement saying it is confident that it has"always obeyed the applicable law in order to guarantee the best prices, quality and assortment to customers.”
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:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Shares in Walmart's Mexico subsidiary drop after company is investigated for monopolistic practicesShares in Walmart’s Mexico subsidiary have dropped about 3.3% after Walmart de Mexico announced it is being investigated for alleged monopolistic practices. Analysts said it was not clear what regulators were alleging that Walmart de Mexico did. But an analysis report from Intercam Banco said Mexico’s economic competition commission could be alleging price-fixing or other practices at Walmart, the country’s largest retailer. The announcement was made late Friday, but in its first day of trading
Source: AP - 🏆 728. / 51 Read more »