Canada Bread, with brands like Dempster s, fined $50M for price fixing | iNFOnews infotel.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from infotel.ca Daily Mail and Mail on Sunday newspapers.
Canada Bread has agreed to pay $50 million in fine after pleading guilty to having played a role in fixing the price of bread for years. The company revealed in an Ontario Court on Wednesday that it frequently communicated with its competitor under previous managerial regime to raise the wholesale prices in unison, making bread costlier for Canadian consumers in the process.
Canada Bread, which owns dozens of brands of baked goods, has been owned by Mexican food giant Grupo Bimbo since 2014. Prior to that, the company was owned by Maple Leaf Foods.
Canada Bread sentenced to $50M fine after pleading guilty to fixing wholesale bread prices caribbeannewsglobal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from caribbeannewsglobal.com Daily Mail and Mail on Sunday newspapers.
Bakery giant Canada Bread Co. has been fined $50 million after pleading guilty to its role in a criminal price-fixing scheme that inflated the price of bread in Canada for years.