Pepsi, FTC
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Pepsi sued by FTC over controversial law infringement
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FTC sues Pepsi for illegal pricing practices, driving inflation
Pepsi accused of illegal pricing deals with 'a large, big box retailer' in U.S. lawsuit
The Federal Trade Commission is suing Pepsi, alleging it has rigged competition by offering unfair pricing deals to a big retailer at the expense of smaller rivals, resulting in higher costs for shoppers.
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Pepsi Stock In Focus As FTC Sues Consumer Giant For Alleged Price Discrimination: Retail’s CautiousShares of PepsiCo ($PEP) were in the spotlight on Friday after the Federal Trade Commission announced it plans to sue the consumer giant on allegations of price discrimination, with retail sentiment turning cautious.
The commission alleges that the retailer, whose name was redacted in the statement from commissioners, received “unfair pricing advantages” that were not made available to others.
Outgoing FTC Chair Lina Khan sues Pepsi for violating Robinson-Patman Act.
The Federal Trade Commission on Friday filed a lawsuit against PepsiCo, Inc., alleging the company engaged in illegal price discrimination by giving an unnamed "large, big box" retailer unfair pricing advantages, while raising prices for others.
The Robinson-Patman Act was passed in 1936, but the federal government stopped enforcing it during the deregulation of the 1980s. The FTC resumed its enforcement in December when it sued Southern Glazer’s, the largest U.S. distributor of wine and spirits.
Company’s conduct has forced competing retailers, including convenience stores, to pay higher prices, agency says
A lawsuit filed by the Federal Trade Commission alleges that food and beverage maker PepsiCo engaged in illegal price discrimination by giving unfair price advantages to one big-box retailer
According to the FTC’s complaint, Pepsi has been providing unfair pricing advantages to one of its largest customers—a major big box retailer—while raising prices for competing retailers and customers. Reuters reports that the retailer is none other than Walmart Inc. WMT , citing a source familiar with the discussions.
Pepsi has made a statement saying that they do not agree with the accusations, whereas Walmart is basically ignoring what is happening and has refused to comment, according to Reuters. The lawsuit was filed on Friday (Jan. 17) in New York state, accusing Pepsi of violating the Robinson-Patman Act.
The US Federal Trade Commission (FTC) has accused PepsiCo of giving "unfair pricing advantages” to a “large, big box retailer".
The FTC said the alleged activity forces many Americans to pay inflated prices for PepsiCo products unless they shop at this store.
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