Source: SFGate
“Mexico’s anti-monopoly regulators on Monday imposed special conditions for a period of 10 years on Walmart’s Mexico subsidiary for allegedly pressuring suppliers. The decision follows a related $4.6 million fine handed down by the regulators, known as the Federal Competition Commission, for alleged monopolistic practices. Walmart de Mexico said last week it plans to appeal the fine. The company did not immediately comment on Monday’s announcement. The Federal Competition Commission said Walmart must refrain from pressuring suppliers to grant it any discounts offered to competitors, among other things. ‘For 13 years, Walmart used its market power to impose abusive conditions on its suppliers, gaining illegal advantages over its competitors,’ the commission wrote in a statement.” (12/16/24)
https://www.sfgate.com/news/world/article/mexico-s-regulators-impose-10-year-special-19984526.php