The FTC sued PepsiCo, alleging that soft drink competition was rigged


The Federal Trade Commission filed a complaint against it on Friday Pepsi Coalleges that the company engaged in illegal price discrimination by giving an unfair pricing advantage to an unnamed “big box, big box” retailer, while raising prices for others.

FTC It alleges that Pepsi has deprived retailers for years, consistently favoring a major retailer by offering benefits such as promotional payments to its customers, while denying those benefits to its competitors.

Pepsi's unfair practices have resulted in higher prices for American families, while denying and violating the ability of rival retailers to compete fairly. Robinson-Patman lawAccording to the complaint

Pepsi's hiring efforts are helping Denver's job market

The FTC has sued PepsiCo for allegedly supporting a “bix-box” retailer. (Kandy Hayes/Fox News)

PepsiCo adds more chips to bags after “shrinking” complaints

When companies like Pepsi subsidize large retailers, it tilts the playing field against smaller companies and ultimately raises prices. American consumersLina M. “The FTC's actions help ensure that all grocers and other businesses — regardless of size — can get a fair shake and compete on the merits of their skill, efficiency and talent,” FTC Chairman Khan wrote in a statement. “

Under the Robinson-Patman Act, sellers are prohibited from using financial incentives to price discriminate.

can of pepsi

Pepsi has been sued by the FTC for violating the Robinson-Patman Act and offering benefits to an unidentified retailer. (Dennis Truslow/Getty Images for LARAS/Getty Images)

PepsiCo cuts annual revenue forecast, lowers softer demand and geopolitical tensions

The case comes a month after the commission sued the largest US wine and spirits distributor, Southern Glazer's, in December 2024 – alleging violations of the same law.

According to the FTC's statement, a significant portion of the alleged violations were remedied due to legal protections for Pepsi and the allegedly “preferred” retailer.

Federal Trade Commission

Washington, DC, Federal Trade Commission, building exterior and signage. (Photo by: Jeffrey Greenberg/Universal Pictures Group via Getty Images/Getty Images)

The commission said it was working to remove the redacted information.

Until Pepsi's behavior is corrected, Pepsi Anti-competitive practices It will continue to create an uneven playing field by excluding competing retailers, which include family-owned neighborhood grocery stores, according to the statement.

ticker security the last change change %
PEP PepsiCo 148.25 +1.71

+1.17%

Click to get the FOX NEWS program

PepsiCo and Walmart, which other media outlets have reported are interested competitors, did not immediately respond to Fox News Digital's request for comment.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *