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Penalised for price fixing

This article was originally published in Foodnews

CZECH soft drinks maker Kofola has been fined CZK13.5 million (US$816 000) by competition authorities in the country after being found guilty of price fixing. The Czech Republic's Office for the Protection of Competition (UOHS) said Kofola had been involved in "forbidden and void vertical agreements on retail price maintenance with their customers" in several regions of the country between 2001-08. "Resale price maintenance ultimately leads to price increase for consumers and restriction of competition within the market of the given brand, " the UOHS said.

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