Japanese Authorities Raid Ice Cream Companies Over Alleged Price-Fixing
Japanese authorities have raided six major ice cream manufacturers on suspicion of forming a cartel to fix prices. The investigation comes amid allegations that companies colluded to raise prices ahead of the summer season.
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Japan raids ice cream giants over price-fixing allegations
The investigation on alleged cartel pricing of ice cream comes as Japan faces record summer temperatures.
Read full article →Alleged ice-cream cartel in Japan investigated as sweltering summer looms
Six companies are suspected of colluding to use food inflation to raise the prices of their product Authorities in Japan have raided six of the country’s largest ice-cream firms for allegedly colluding to raise the price of their products, provoking anger from frozen snack aficionados as they face a cruel summer ahead. Officials from the Japan Fair Trade Commission (JFTC) on Tuesday carried out searches of the corporate headquarters of Akagi Nyugyo, Ezaki Glico, Lotte, Meiji, Morinaga Milk In...
By Gavin Blair in Tokyo
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