Walmart’s Mexico subsidiary said Friday it plans to appeal a $4.6 million fine for alleged anti-competitive practices involving suppliers.Walmart de Mexico said in a statement that it had talked with suppliers to see if there were any concerns. The agency that issued the fine, known as the Federal Competition Commission, expressed concerns about a “relative monopolistic practice.”

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Walmart's Mexico subsidiary plans to appeal a $4.6 million fine for alleged monopolistic practices

Mexico’s anti-monopoly regulators have imposed special conditions for a period of 10 years on Walmart’s Mexico subsidiary for allegedly pressuring suppliers.

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Mexico's regulators impose 10-year special restrictions on Walmart's subsidiary

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MEXICO CITY (AP) — Walmart’s Mexico subsidiary says it plans to appeal a $4.6 million fine for alleged monopolistic practices involving suppliers. Walmart de Mexico said in a statement Friday that it had talked with suppliers to see if there were any concerns. Mexico’s anti-monopoly regulatory agency, which is soon to be eliminated, levied the fine after at least one rival store chain accused Walmart of using its substantial purchasing power to …

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Mexico's antitrust regulatory agency imposed a million-dollar penalty on the Walmart retail chain for monopolistic practices in contributions to its suppliers, the company announced on Friday.

El organismo regulador antimonopolios de México impuso una millonaria sanción a la cadena de tiendas minoristas Walmart por prácticas monopólicas en las contribuciones a sus proveedores, anunció el viernes la empresa.

Sancionan a Walmart México por prácticas monopólicas. La empresa se prepara para impugnar

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Walmart Mexico is sanctioned for monopolistic practices. The company is preparing to challenge

Mexico’s competition watchdog has imposed a fine on Walmart’s Mexican unit, Walmex, for allegedly engaging in a monopolistic practice relating to its “supplier contributions,” the company said on Friday.
The Federal Economic Competition Commission, or COFECE, has ordered Walmex to pay a 93.4 million pesos ($4.6 million) fine and urged the retailer to comply with the law, according to a company statement.
Walmex stated that it was reviewing COFEC…

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Mexico Watchdog Fines Walmart’s Subsidiary for Alleged Monopolistic Practices

MEXICO CITY (AP) — Mexico’s anti-monopoly regulators on Monday imposed special conditions for a period of 10 years on Walmart’s Mexico subsidiary for allegedly pressuring suppliers.  The decision follows a related $4.6 million fine handed down by the regulators, known as the Federal Competition Commission, for alleged monopolistic practices. Walmart de Mexico said last week it plans to appeal the fine.  The company did not immediately comment on…

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Mexico’s regulators impose 10-year special restrictions on Walmart’s subsidiary

The Federal Economic Competition Commission (Cofece) has fined Walmart Mexico almost 93.4 million pesos (about $4.62 million) for monopolistic practices. After four years of investigation, one of its main competitors, the authorities have determined that the supermarket giant has seized the market for the supply and wholesale distribution of consumer goods to the detriment of its competitors.The complaint was filed by Chedraui, one of Walmart's …

La Comisión Federal de Competencia Económica (Cofece) ha multado a Walmart México con casi 93,4 millones de pesos (unos 4,62 millones de dólares) por incurrir en prácticas monopólicas. Después de cuatro años de investigación, uno de sus principales competidores, las autoridades han determinado que el gigante de los supermercados acaparó el mercado del abastecimiento y distribución mayorista de bienes de consumo en perjuicio de sus competidores. …

La Cofece multa a Walmart con 93,4 millones de pesos por incurrir en prácticas monopólicas

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The Cofece fine to Walmart with 93.4 million pesos for engaging in monopolistic practices

Mexico's antitrust agency Cofece fined Walmart's Mexican unit, Walmex, for monopolistic practices related to suppliers. Walmex plans to appeal, arguing the agency's analysis is flawed. Markets reacted positively, as the penalty was less severe than anticipated. The case follows a 2019 investigation into Walmex's supplier practices.

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Walmex Faces Antitrust Fine Amid Allegations of Supplier Coercion

MEXICO CITY (AP) — Walmart’s Mexico subsidiary said Friday it plans to appeal a $4.6 million fine for alleged anti-competitive practices involving suppliers.  Walmart de Mexico said in a statement that it had talked with suppliers to see if there were any concerns. The agency that issued the fine, known as the Federal Competition Commission, expressed concerns about a “relative monopolistic practice.”  The commission, Mexico’s main anti-monopoly…

Walmart's Mexico subsidiary plans to appeal a $4.6 million fine for alleged monopolistic practices

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