Cadburys owner hit with £288m fine
A company that owners Cadburys has been slapped with a fine of around £288m by the European Commission for violating competition regulations.
The Commission’s scrutiny revealed that Mondelēz, operating factories in Chirk and a Mondelēz-Cadbury site in Bournville, violated EU competition laws through cross-border trade in chocolate, biscuits, and coffee products among Member States.
The investigation pinpointed 22 instances of ‘anticompetitive agreements’ under Article 101 of the Treaty on the Functioning of the European Union (TFEU).
Specifically, Mondelēz was found guilty of restricting the territories or clientele to which seven wholesale customers could distribute its products.
Mondelēz, based in the US, holds a portfolio of chocolate and biscuit brands, including Cadbury, Toblerone, Milka, Oreo, Ritz, and TUC.
