Make us your home page
Instagram

Grocers take on chocolatemakers

Pennsylvania-based Hershey Co. is one of the chocolate makers accused by major retailers of price fixing.

AP photo

Pennsylvania-based Hershey Co. is one of the chocolate makers accused by major retailers of price fixing.

Florida grocers Publix Super Markets Inc. and Sweetbay Supermarket are among many major retailers nationally to file price fixing suits in the past three weeks against the four big chocolatemakers that control about 80 percent of the market.

The suits, which grew from investigations by the European Commission and the Canadian Competition Bureau, allege that Pennsylvania-based Hershey Co. and Mars Inc. conspired with Swiss-based Nestle SA and London-based Cadbury Schweppes Plc to raise prices about 15 percent as consumer demand for chocolate declined since 2001.The investigations uncovered a series of internal memos, e-mails and messages. The German Cartel Office raided the offices of seven candymakers in February.

Other suits in the United States were filed by Kroger Co., Giant Eagle Inc., Safeway Inc., and Meijer plus drugstore giants CVS Corp.,Walgreen Co. and Rite Aid Inc. A panel of judges is weighing where to consolidate the suits.

Grocers take on chocolatemakers 04/02/08 [Last modified: Wednesday, April 2, 2008 1:30pm]
Photo reprints | Article reprints

© 2017 Tampa Bay Times

    

Join the discussion: Click to view comments, add yours

Loading...
  1. Pinellas licensing board asks Sen. Jack Latvala for $500,000 loan

    Local Government

    The troubled Pinellas County agency that regulates contractors wants Sen. Jack Latvala to help it get a $500,000 lifeline from the state to stay afloat.

    State Sen . Jack Latvala, R- Clearwater, is being asked to help the Pinellas County Construction Licensing Board get $500,000 from the state so it can stay open beyond February.  [SCOTT KEELER   |   Times]
  2. In advertising, marketing diversity needs a boost in Tampa Bay, nationally

    Business

    TAMPA — Trimeka Benjamin was focused on a career in broadcast journalism when she entered Bethune-Cookman University.

    From left, Swim Digital marketing owner Trimeka Benjamin discusses the broad lack of diversity in advertising and marketing with 22 Squared copywriter Luke Sokolewicz, University of Tampa advertising/PR professor Jennifer Whelihan, Rumbo creative director George Zwierko and Nancy Vaughn of the White Book Agency. The group recently met at The Bunker in Ybor City.
  3. Tampa Club president seeks assessment fee from members

    News

    TAMPA — The president of the Tampa Club said he asked members last month to pay an additional assessment fee to provide "additional revenue." However, Ron Licata said Friday that the downtown business group is not in a dire financial situation.

    Ron Licata, president of the Tampa Club in downtown Tampa. [Tampa Club]
  4. Under Republican health care bill, Florida must make up $7.5 billion

    Markets

    If a Senate bill called the Better Care Reconciliation Act of 2017 becomes law, Florida's government would need to make up about $7.5 billion to maintain its current health care system. The bill, which is one of the Republican Party's long-promised answers to the Affordable Care Act imposes a cap on funding per enrollee …

    Florida would need to cover $7.5 billion to keep its health care program under the Republican-proposed Better Care Reconciliation Act of 2017.  [Times file photo]
  5. Amid U.S. real estate buying binge by foreign investors, Florida remains first choice

    Real Estate

    Foreign investment in U.S. residential real estate recently skyrocketed to a new high with nearly half of all foreign sales happening in Florida, California and Texas.

    A National Association of Realtors annual survey found record volume and activity by foreign buyers of U.S. real estate. Florida had the highest foreign investment activity, followed by California and Texas. [National Association of Realtors]