Germany imposes $100 million fine on price-fixing beer retailers

Photo via wikimedia

Photo via wikimedia

Antitrust officials in Germany have handed down more than €90 million ($103 million) in fines to some of the largest retailers in the country. Their investigation found collusion with the country’s AB InBev subsidiary to increase prices for popular beers (including Beck’s) several times between 2006 and 2009. They also uncovered attempts to fix prices for other foodstuffs, and more fines may be on the way.

[H/t CNN Money]


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