Jan 9 (Reuters) – Beverage giants Coca-Cola Co (KO.N) and PepsiCo Inc (PEP.O) are beneath preliminary investigation by the U.S. Federal Commerce Fee (FTC) over potential worth discrimination within the mushy drink market, Politico reported on Monday citing sources.
The pricing methods of each corporations are being scrutinized beneath the Robinson-Patman Act, the report stated.
The U.S. antitrust legislation prevents massive franchises and chains from partaking in worth discrimination in opposition to small companies.
The FTC reached out to massive retailers, together with Walmart Inc (WMT.N), for not less than a month looking for knowledge and different info on how they buy and worth mushy drinks, two of the sources instructed Politico. Walmart is at the moment not a goal within the investigation, in line with the report.
FTC, Coca-Cola, Pepsi and Walmart didn’t instantly reply to Reuters’ request for feedback.
Reporting by Shivani Tanna in Bengaluru; Modifying by Sherry Jacob-Phillips
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