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Hershey’s Canada enters guilty plea for price fixing

Hershey's Canada Inc. has pleaded guilty to fixing the price of chocolate confectionery products in Canada.

The Huffington Post has reported that the Ontario Superior Court of Justice heard Hershey’s admittance to conspiring, agreeing or arranging to fix the price of chocolate products in Canada during 2007 eariler this week.

The confectioner is now said to face a US$3.8m fine.

Canada’s Competition Bureau said that Hershey's also admitted to knowledge of senior employees communicating competitively sensitive pricing information with employees at Nestle Canada Inc., Mars Canada Inc., and an independent distributor network regarding chocolate products in the country.

Canada’s Competition Bureau laid criminal charges against Nestle Canada Inc., Mars Canada Inc., and a network of independent wholesale distributors earlier this month.

 

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