Financial Times on Nostr: McDonald’s accuses meatpackers of price-fixing in lawsuit over beef costs ...
McDonald’s accuses meatpackers of price-fixing in lawsuit over beef costs
==========
McDonald’s filed a civil lawsuit against Cargill, JBS, National Beef, and Tyson Foods, claiming they engaged in price-fixing and violated antitrust laws; the lawsuit alleges a conspiracy to sell beef at artificially inflated prices; federal antitrust authorities previously investigated poultry price-rigging, with Pilgrim’s Pride pleading guilty in 2021 and fined $107 million; McDonald’s raised prices post-pandemic due to labor shortages and supply disruptions but has recently introduced discounts to attract customers affected by inflation.
#Mcdonald's #Lawsuit #Pricefixing #Beef #Cargill #Jbs #NationalBeef #TysonFoods #Antitrust #Inflation
https://www.ft.com/content/23b9ebc5-3d1b-4882-b6ef-96184cc1413a
==========
McDonald’s filed a civil lawsuit against Cargill, JBS, National Beef, and Tyson Foods, claiming they engaged in price-fixing and violated antitrust laws; the lawsuit alleges a conspiracy to sell beef at artificially inflated prices; federal antitrust authorities previously investigated poultry price-rigging, with Pilgrim’s Pride pleading guilty in 2021 and fined $107 million; McDonald’s raised prices post-pandemic due to labor shortages and supply disruptions but has recently introduced discounts to attract customers affected by inflation.
#Mcdonald's #Lawsuit #Pricefixing #Beef #Cargill #Jbs #NationalBeef #TysonFoods #Antitrust #Inflation
https://www.ft.com/content/23b9ebc5-3d1b-4882-b6ef-96184cc1413a