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Friday, February 15, 2008

Chocolate Price Fixing?

Did you feel ripped off yesterday when you slapped down your hard-earned cash for that heart-shaped box of chocolates? It seems others feel you're getting ripped off too. The German Federal Cartel Office have raided the offices of seven of leading chocolate companies including Mars, Kraft Foods and Nestle. Canada's Competition Bureau searched the offices of several companies, many of the same ones as in Germany. There has also been American lawsuits accusing chocolate companies of violating antitrust laws. The German Cartel Office says if they find evidence of collaboration, the companies face possible fines of up to 10% of their annual income. To read the entire article from USA Today, click here.

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