Saturday, July 26, 2025
Invest Strategies Group
  • Investing
  • Economy
  • Business
  • Stock
No Result
View All Result
Invest Strategies Group
  • Investing
  • Economy
  • Business
  • Stock
No Result
View All Result
Invest Strategies Group
No Result
View All Result
Home Business

Top liquor distributor favored Costco and Kroger over small businesses, FTC says

admin by admin
December 13, 2024
in Business
0
Top liquor distributor favored Costco and Kroger over small businesses, FTC says
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

The Federal Trade Commission in a new lawsuit accuses the largest U.S. distributor of wine and spirits of illegal price discrimination that gave large chains — among them Costco, Kroger and Total Wine & More — much better prices than those offered to neighborhood grocery stores, convenience shops and independent liquor stores.

The distributor, Southern Glazer’s Wine and Spirits, is the tenth largest privately held company in the United States, generating about $26 billion in revenues from sales to retail customers in 2023, the FTC said Thursday in announcing the suit.

The complaint says Southern, which distributes around 5,600 wine and spirit brands, deprived smaller businesses of access to discounts and rebates, harming their ability to compete with large national and regional chain stores.

The suit alleges the distributor violated the Robinson-Patman Act by providing “steep discounts” without any market justification to a certain set of retailers.

“When local businesses get squeezed because of unfair pricing practices that favor large chains, Americans see fewer choices and pay higher prices — and communities suffer,” said FTC Chair Lina Khan in a statement.

“The law says that businesses of all sizes should be able to compete on a level playing field,” Khan said. “Enforcers have ignored this mandate from Congress for decades, but the FTC’s action today will help protect fair competition, lower prices, and restore the rule of law.”

CNBC has requested comment on the lawsuit from Southern.

The suit, filed in U.S. District Court for the Central District of California, accuses Southern of price discrimination since at least 2018 up to now.

Southern distributes wine and spirits for many big suppliers, including Pernod Ricard, the supplier of Jameson Irish Whiskey and Absolut Vodka; Bacardi U.S.A., the supplier of Patron Silver Tequila, Grey Goose Vodka, and Bacardi Rum; Diageo, the supplier of Smirnoff Vodka; and Beam Suntory, the supplier of Jim Beam Bourbon and Makers Mark Whiskey, according to the FTC.

This post appeared first on NBC NEWS

Previous Post

Unlock Options Trading Opportunities with StockCharts & OptionsPlay

Next Post

S&P 500 climbed 0.3%, and Nasdaq-100 futures jumped 0.7%

admin

admin

Next Post
S&P 500 climbed 0.3%, and Nasdaq-100 futures  jumped 0.7%

S&P 500 climbed 0.3%, and Nasdaq-100 futures jumped 0.7%

    Fill Out & Get More Relevant News


    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recommended

    Clean energy stocks fall as Trump bill would tax components from China, phase out credits

    Clean energy stocks fall as Trump bill would tax components from China, phase out credits

    July 2, 2025
    Home Depot earnings beat Wall Street estimates as retailer breaks comparable sales losing streak

    Home Depot earnings beat Wall Street estimates as retailer breaks comparable sales losing streak

    February 27, 2025

    Recent News

    Momentum Leaders Are Rotating — Here’s How to Find Them

    Momentum Leaders Are Rotating — Here’s How to Find Them

    July 25, 2025
    S&P 500 Breaking Out Again: What This Means for Your Portfolio

    S&P 500 Breaking Out Again: What This Means for Your Portfolio

    July 25, 2025
    Top 5 Canadian Biotech Stocks of 2025

    Top 5 Canadian Biotech Stocks of 2025

    July 25, 2025
    Biotech and Pharma Market Update: Q2 2025 in Review

    Biotech and Pharma Market Update: Q2 2025 in Review

    July 25, 2025
    Invest Strategies Group

    Browse by Category

    • Business
    • Economy
    • Investing
    • Stock

    Recent News

    Momentum Leaders Are Rotating — Here’s How to Find Them

    Momentum Leaders Are Rotating — Here’s How to Find Them

    July 25, 2025
    S&P 500 Breaking Out Again: What This Means for Your Portfolio

    S&P 500 Breaking Out Again: What This Means for Your Portfolio

    July 25, 2025
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 investstrategiesgroup.com | All Rights Reserved

    No Result
    View All Result
    • Home 1
    • Home 2
    • Home 3
    • Home 4
    • Home 5
    • Home 6
    • Privacy Policy
    • Suspicious Page
    • Terms & Conditions
    • Thank you

    Copyright © 2025 investstrategiesgroup.com | All Rights Reserved