Happy Valentine’s Day: Chocolate is price-fixed?
With perfect timing for the romantic occasion, federal investigators are looking into the possibility that Big Food is fixing chocolate prices, and in three different countries yet. The allegations? “Top executives at Hershey Co., Mars, and Nestle [no relation] met secretly in coffee shops, restaurants and conventions to set prices.” Although, as I discussed in Food Politics, it seems obvious from supermarket prices that such things must go on all the time, price-fixing is illegal. Happy Valentine’s Day!