Free market, my ass: How Kimberly-Clark fixed toilet paper prices in Colombia
Free market, my ass: How Kimberly-Clark fixed toilet paper prices in Colombia
written by Adriaan Alsema April 7, 2016
Colombia’s branch of multinational Kimberly-Clark and three other personal care companies face a $23 million fine over years-long illegal price-fixing.
According to the country’s Superintendency for Industry and Trade, Kimberly-Clark Colombia made illegal price-fixing arrangements with competitors Productos Familia, Papeles Nacionales and Cartones y Papeles de Risaralda.
Local media reported that 21 executives of the fined companies were also sanctioned for preventing competition through the “Toilet Paper Cartel.”
Consequently, the fair competition chief of the government watchdog recommended the Superintendency to impose the multi-million dollar-fine.
More:
http://colombiareports.com/free-market-ass-kimberly-clark-fixed-toilet-paper-prices-colombia/
Good Reads:
http://www.democraticunderground.com/1016151386
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