|
Amazon Body Care |
|
|
Who's Online |
|
We have 169 guests online |
|
Statistics |
Members: 494
News: 11479
Web Links: 0
|
|
Contribution |
| Have you got news? Do you have news, comment or story on Brazil you want to share with Brazzil? Just send it our way to brazzil@brazzil.com. | |
|
|
|
The Latest from Brazzil Magazine |
|
|
|
|
Anheuser-Busch InBev Fined US$ 176 Million in Brazil for Unfair Competition |
|
|
|
|
Written by Newsroom
|
|
Friday, 24 July 2009 |
|
The antitrust regulator in Brazil imposed a record fine of 352 million Brazilian reais (approximately US$ 176 million ) on beverage giant AmBev. The Cade regulator found that AmBev, brewer of Skol, Brahma and Antarctica beers, used discounts, premiums and exclusivity agreements to dissuade retailers from selling competing brands.
Cade's Fernando de Magalhães Furlan said the biggest impact of AmBev's anti-competitive practices was on consumers, who "will not have either the variety or prices they want." AmBev, he said, "always operated at the limit of legality."
With up to 70% of Brazilian beer sales, AmBev "has responsibility for acts that affect the entire market," Furlan said. The fine is equal to 2% of AmBev's turnover in 2003, the year before the Cade investigation began.
AmBev merged in 2004 with Belgium's Interbrew and the resulting conglomerate, InBev, last year acquired US titan Anheuser-Busch to create Anheuser-Busch InBev, the world's largest brewer.
Besides imposing the fine, Cade ordered AmBev to discontinue retailer loyalty programs that include an exclusivity clause. The investigation was spurred by a complaint from Brazilian brewer Schincariol, which claimed that AmBev's practices caused sales of the smaller firm's Nova Schin and Kaiser to fall 20%.
Mercopress
|
|
|
|
|
Home
|
|
Brazzil Magazine - Since 1989 trying to understand Brazil |
|
|
|
|
|
and now a fine or is it that the fine was for the orginal company
and they just wasted time till a gringo company could be fined ???????