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Japan raids ice cream companies over alleged price fixing cartel (www.abc.net.au)

submitted 1 month ago by zero_gravitas@aussie.zone to c/andfinally@feddit.uk

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In short:

Six major ice cream companies in Japan are under suspicion of colluding to hike their prices.

The Japan Fair Trade Commission is investigating the allegations against frozen dessert brands Meiji, Ezaki Glico, Morinaga Milk Industry Co, Lotte Co, Morinaga & Co, and Akagi Nyugyo Co.

What's next?

If the companies did violate laws, they will be fined and ordered to improve their business practices.

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[–] riskable@programming.dev 8 points 1 month ago (2 children)

Price fixing is not cool.

[–] MrPoletki@feddit.uk 3 points 1 month ago

Indeed not, I hope they weren't relying on it to chill their ice cream.

[–] Sirius006@sh.itjust.works 1 points 1 month ago* (last edited 1 month ago)

Hey, it's a tradition (see : dangou, 談合). Don't insult a whole culture based on your westerner view point.

Not cool bro. Unlike the (expensives) icecreams.