Back

Economy & Business - January 2025

MEXICO: Fighting monopoly power: Antitrust watchdog fines Walmex

Mexico’s fight against monopolistic practices took an important step forward in December when the anti-trust and competition watchdog Comisión Federal de Competencia Económica (Cofece) ordered top retailer Walmex, the local unit of US retail giant Walmart, to end its “abusive” behaviour towards its suppliers, which it said gave it an unfair advantage in pricing. The antitrust authority subsequently threatened Walmex with a fine amounting to as much as 8% of its income if it continues to engage in anti-competitive behaviour and fails to comply with the ruling, having ordered an initial fine of M$93m (US$4.6m).

End of preview - This article contains approximately 794 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

LatinNews
Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
Contact
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.