Israel competition watchdog summons Strauss over price-fixing allegations

Categories: Antitrust

The food and beverage manufacturing giant, Strauss, its former CEO Giora Bardea, and CFO Ariel Chetrit are alleged to have attempted to coordinate price hikes with competitors, according to a report in the Times Of Israel.

According to the hearing documents, Strauss allegedly informed its competitors that it was considering raising prices in an attempt to reach a restrictive arrangement with them on price hikes.

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