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Wintrust Business Minute: Mondelez International fined $366 million by European Union
Manage episode 420094400 series 3035618
Steve Grzanich has the business news of the day with the Wintrust Business Minute.
Chicago-based snack maker Mondelez International has been fined $366 million by the European Union for anti-competitive behavior involving cross-border sales of chocolate, cookies and coffee. Mondelez makes Oreo and Chips Ahoy cookies, Wheat Thins, Ritz Crackers, Triscuits and Toblerone. It was accused of restricting sales of its products among EU member states. A watchdog said the company’s actions harmed consumers, who ended up paying more for products. The price differences of some products varied between 10% and 40% across markets.
Also, home prices in the Chicago area have hit another new record high. Listen for more below:
Recent Posts
Wintrust Business Lunch
101 episodes
Manage episode 420094400 series 3035618
Steve Grzanich has the business news of the day with the Wintrust Business Minute.
Chicago-based snack maker Mondelez International has been fined $366 million by the European Union for anti-competitive behavior involving cross-border sales of chocolate, cookies and coffee. Mondelez makes Oreo and Chips Ahoy cookies, Wheat Thins, Ritz Crackers, Triscuits and Toblerone. It was accused of restricting sales of its products among EU member states. A watchdog said the company’s actions harmed consumers, who ended up paying more for products. The price differences of some products varied between 10% and 40% across markets.
Also, home prices in the Chicago area have hit another new record high. Listen for more below:
Recent Posts
Wintrust Business Lunch
101 episodes
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