Additional Coverage:
- FTC sues PepsiCo, alleges ‘rigged’ soft drink competition (foxbusiness.com)
Pepsi Sued for Unfair Pricing
The Federal Trade Commission (FTC) has accused PepsiCo of violating antitrust laws by giving preferential pricing to a large retailer.
According to the FTC, Pepsi has been giving this unnamed retailer advantages like promotional payments, while denying them to competitors. This has led to higher prices for consumers and stifled competition.
The lawsuit alleges that Pepsi’s actions violate the Robinson-Patman Act, which prohibits price discrimination.
FTC: Unfair Advantage
FTC Chair Lina Khan says that Pepsi’s behavior has created an uneven playing field, hurting small retailers and inflating prices for American families.
The commission is seeking to lift redacted information from the complaint to fully expose the alleged violations.
Pepsi Faces Similar Lawsuit
This lawsuit comes after the FTC filed a similar one against Southern Glazer’s, the largest wine and spirits distributor in the US, for violating the same law.
Pepsi has not yet commented on the lawsuit. Walmart, which has been reported as the favored retailer, declined to comment.
Read More About This Story:
- FTC sues PepsiCo, alleges ‘rigged’ soft drink competition (foxbusiness.com)