Japan's Fair Trade Commission warns Nissin Food Products for pressuring retailers to raise prices, violating the Antimonopoly Act.
Japan's Fair Trade Commission warns Nissin Food Products for pressuring retailers to raise prices of five products, including Cup Noodles, violating the Antimonopoly Act. The company increased suggested retail prices in 2022 and 2023 due to higher costs and urged retailers to comply, even setting prices for special sales. This "resale price restraint" practice could lead to fines or legal action.
August 23, 2024
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