Archive for June 2010
The German Cartel Office has, again, fined a few of the biggest German coffee roasters to a total of 30,000,000 Euros because of price rigging. Among the fined are
- J.J. Darboven
- Kraft Foods
- Lavazza, Germany
- Segafredo Zanetti, Germany
The roaster Dallmayr went without fine because of self-denunciation.
Source: Financial Times Deutschland
…rather gives the term “Frühstückskartell” (“breakfast cartel”, literally) a second meaning.
Background: Firms that agree with each other, either formally or informally, to sell goods to a certain price, consequently undermining the free market are guilty of “price rigging”, an illegal operation in Germany.