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'Too sweet pricing deal' puts chocolate giants in the dock


'Too sweet pricing deal' puts chocolate giants in the dock


Canadian competition regulators have charged two of the world’s biggest chocolate makers – Nestle and Mars – with price fixing there.

The Canadian arm of US company Hershey was also accused of involvement.

Canada’s Competition Bureau said Hershey has reported the alleged offences, cooperated with the investigation and would plead guilty to a single count of price fixing in return for a promise of lenient treatment .

Top bosses of Mars and Nestle have been charged along with the head of ITWAL Limited, a national network of independent wholesale distributors in Canada.

All said they will “vigorously defend” themselves against the allegations.

This all follows a five year long investigation which has resulted in Hershey, Mars and Nestle reaching previous legal settlements in civil class action suits.

A similar class-action suit in the United States is still making its way through a Pennsylvania court.

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