Downshift 🇺🇦 on Nostr: #Loblaw and its parent company #GeorgeWeston Ltd. agreed to pay C$500 million to ...

#Loblaw and its parent company #GeorgeWeston Ltd. agreed to pay C$500 million to settle a class-action lawsuit regarding their involvement in a bread #price-fixing scheme.

"The plaintiffs allege those companies participated in a 14-year industry-wide price-fixing conspiracy between 2001 and 2015, leading to an artificial increase in packaged bread prices."

#antitrust #anticompetitive

https://www.cbc.ca/news/business/loblaw-bread-price-settlement-1.7274820