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Japan raids ice cream companies over alleged price fixing cartel (www.abc.net.au)

submitted 2 days ago by zero_gravitas@aussie.zone to c/andfinally@feddit.uk

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In short:

Six major ice cream companies in Japan are under suspicion of colluding to hike their prices.

The Japan Fair Trade Commission is investigating the allegations against frozen dessert brands Meiji, Ezaki Glico, Morinaga Milk Industry Co, Lotte Co, Morinaga & Co, and Akagi Nyugyo Co.

What's next?

If the companies did violate laws, they will be fined and ordered to improve their business practices.

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[–] riskable@programming.dev 5 points 2 days ago (2 children)

Price fixing is not cool.

[–] MrPoletki@feddit.uk 3 points 2 days ago

Indeed not, I hope they weren't relying on it to chill their ice cream.

[–] Sirius006@sh.itjust.works 1 points 2 days ago* (last edited 2 days ago)

Hey, it's a tradition (see : dangou, 談合). Don't insult a whole culture based on your westerner view point.

Not cool bro. Unlike the (expensives) icecreams.