Major Japanese Beer Companies Raided over Accusations of Cartelisation
The companies are suspected of coordinating price increases for years, and shares fell after the raids, with Kirin down 2.31% and Asahi 1.54%.
10 Articles
10 Articles
Major Japanese beer companies raided over accusations of cartelisation
TOKYO, Oct 7 : Japan's Fair Trade Commission raided the country's four major beer makers on Wednesday on suspicion of cartelisation in sales of beer and other products to wholesalers, the companies said.• The companies are Kirin Holdings Co, Asahi Group Holdings, Sapporo Holdings and Suntory Holdings. All f
The survey targets Asahi, Kirin, Sapporo and Suntory brewers, four giants that account for about 90% of Japan's beer market.
The Japanese authorities have initiated an investigation into four of Japan ' s leading beer companies suspected of price conspiracy. The Fair Trade Commission of Japan has been granted the right to compulsory collection of evidence and materials under anti-monopoly legislation, and has handed over TASS with reference to Japanese television. The surveillance has been initiated against Asahi Breweres, Kirin Beer, Saporo Breweries and Suntory…
Japan watchdog probes 4 major brewers over alleged beer price cartel
Japan's antitrust watchdog has launched an investigation into the country's four major brewers on suspicion of violating the antimonopoly law by forming a cartel to raise the prices of beer and beer-like drinks, a source familiar with the matter said Wednesday.
The Japan Fair Trade Commission raided four major beer companies, including Asahi, Kirin, Suntory, and Sapporo, on suspicion of adjusting beer prices.
Japanese authorities have carried out raids on the country's four largest beer manufacturers due to suspicions of cartel formation.
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