TITLE

FTC, McCormick reach accord on slotting fees

AUTHOR(S)
Teinowitz, Ira
PUB. DATE
March 2000
SOURCE
Advertising Age;3/13/2000, Vol. 71 Issue 11, p75
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reports that the U.S. Federal Trade Commission (FTC) and McCormick amp; Co. have reached a settlement on slotting fees as of March 2005. The FTC has accused McCormick of offering discriminatory discounts on products to several grocers. McCormick agreed to settle a complaint that it violated the Robinson-Patman Act by charging some stores higher prices than others for products. The goal was to grab more shelf space at the expense of smaller rivals, including Burns Philips Food's Tone Bros. In a comment. U.S. Senator Kit Bond (R-Mo.) said that he was glad that the FTC has finally taken the bull by the horns and that he hopes that this marks the beginning of vigorous enforcement of anti-trust laws.
ACCESSION #
2884406

 

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