Walmart Inc.'s Chilean subsidiary faces a $4.2 million fine for agreeing with two local supermarket competitors to set fresh chicken prices over a three-year period.
In a Feb. 28 ruling, Chile’s antitrust court Tribunal de Defensa de la Libre Competencia (TDLC) also fined the local competitors, Cencosud and SMU, $5.1 million and $3.0 million, respectively. The court also ordered the three retailers to adopt compliance programs in free competition matters.
Walmart Chile, Cencosud and SMU cooperated with suppliers to set minimum prices between 2008 and 2011, according to the case brought in January 2016 by Chile’s competition regulator, Fiscalía Nacional ...
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