At least 7 companies committed indictable offences in bread-price fixing scandal: Competition Bureau - News Summed Up

At least 7 companies committed indictable offences in bread-price fixing scandal: Competition Bureau


The Competition Bureau believes the wholesalers and grocers committed indictable offences under the Competition Act. It noted that the George Weston and Loblaw informants admitted to inappropriate conduct and accused “certain former Canada Bread executives” dating back to 2001 “while Canada Bread was under previous ownership.” Maple Leaf Foods sold its majority share in Canada Bread to Mexico’s Grupo Bimbo in 2014. "Maple Leaf has no knowledge of any activities taken by Canada Bread that would have contravened the Competition Act," said spokesman Scott Bonikowsky in a statement. “The allegations do not reflect the Canada Bread we know,” the company said Wednesday. It added that after the Competition Bureau executed warrants at its offices on Oct. 31, the company launched an internal investigation.


Source: thestar January 31, 2018 17:56 UTC



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