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2 clusters · 4 sources · 8 days · First seen · Last updated
Norwegian grocery antitrust litigation
Overview
Major Norwegian grocery retailers Norgesgruppen, Rema 1000, and Coop are facing legal proceedings in the Gulating Court of Appeal regarding allegations of price collusion. The Norwegian Competition Authority is seeking fines totaling 4.9 billion NOK, an amount adjusted from an initial 2020 proposal of 21 billion NOK after certain allegations were dropped.
The case focuses on the use of ‘price hunters’—representatives who monitor competitors’ pricing using handheld scanners. The Competition Authority alleges this cooperation weakened market competition and reduced incentives to compete on price. The retailers deny any wrongdoing, maintaining that monitoring competitors is a standard business practice and that their methods were known to authorities.
The trial, scheduled to run from October 12 to December 14, will examine the validity of the fines and whether the information-sharing practices constituted illegal cooperation.
Entities
Rema 1000 · Coop · NorgesGruppen · Gulating lagmannsrett · Norwegian Competition Authority
Timeline
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[BUSINESS] 3 sourcesNorwegian grocery giants contest 4.9 billion NOK price collusion fines
Norwegian grocery giants Coop, Rema 1000, and Norgesgruppen are contesting 4.9 billion NOK in antitrust fines in court over alleged illegal price-monitoring cooperation.
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[BUSINESS] 2 sourcesNorwegian grocery chains face 4.9 billion NOK in potential antitrust fines
Norway's Gulating Court of Appeal will decide if Norgesgruppen, Rema 1000, and Coop must pay 4.9 billion NOK in fines for alleged price-monitoring cooperation that weakened grocery market competition.
Sources
dagsavisen.no · e24.no · radioh.no · svenska.yle.fi