Subscribe Login
DE4CC0DE-5FC3-4494-BCBF-4D50B00366B5
Retail

Walmart de Mexico Says It Is Under Investigation For Antitrust Behavior

By Dayeeta Das
Share this article
Walmart de Mexico Says It Is Under Investigation For Antitrust Behavior

Walmart's Mexico unit said it was notified by Mexico's federal competition authority that it is being investigated for possible antitrust behaviour in the supply and distribution market of wholesale goods and retail of these goods and services.

Walmart de Mexico, or Walmex, said it has always acted in accordance with applicable law and that its participation in the Mexican market has resulted in lower prices for consumers, benefiting poor families especially.

The federal competition authority Cofece said it could not comment on Walmart's statement.

More Competitors

In a 4 November study, Cofece said there was a need to facilitate the entry of more competitors to the retail market.

"High market concentration favours the purchasing power of large self-service chains compared to their smaller suppliers, which could distort competition in supplier markets," the Cofece study said.

ADVERTISEMENT

In the study, Cofece identified Walmart and Soriana, and to a lesser degree Chedraui, as the main players with a national presence.

News by ReutersClick subscribe to sign up to ESM: European Supermarket Magazine.

Get the week's top grocery retail news

The most important stories from European grocery retail direct to your inbox every Thursday

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our terms & conditions and privacy policy. You can unsubscribe at any time.