Trade Masters Chronicle
  • Economy
  • Editor’s Pick
  • Investing
  • Latest News
No Result
View All Result
  • Economy
  • Editor’s Pick
  • Investing
  • Latest News
No Result
View All Result
Trade Masters Chronicle
No Result
View All Result

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

by
December 13, 2024
in Editor's Pick
0
Top liquor distributor favored Costco and Kroger over small businesses, FTC says

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

Israel eyes Iran nuke sites amid reports Trump mulls moves to block Tehran atomic program

Next Post

Trump’s pledge against ‘forever wars’ could be tested with Syria in hands of jihadist factions

Next Post
Trump’s pledge against ‘forever wars’ could be tested with Syria in hands of jihadist factions

Trump’s pledge against ‘forever wars’ could be tested with Syria in hands of jihadist factions

  • Trending
  • Comments
  • Latest
Trump’s exaggerated claim that Pennsylvania has 500,000 fracking jobs

Trump’s exaggerated claim that Pennsylvania has 500,000 fracking jobs

October 24, 2024
Buy Bitcoin Under $100K Before The Next Bull Run

Buy Bitcoin Under $100K Before The Next Bull Run

April 22, 2025
Trump asks Supreme Court for urgent ruling on tariff powers as ‘stakes could not be higher’

Trump asks Supreme Court for urgent ruling on tariff powers as ‘stakes could not be higher’

September 4, 2025
Bitcoin Nears $85K Amid Market Optimism

Bitcoin Nears $85K Amid Market Optimism

April 21, 2025
Democrats, left empty-handed in shutdown, turn fury on Schumer

Democrats, left empty-handed in shutdown, turn fury on Schumer

0
Wendy’s will offer $3 breakfast deal, as rivals such as McDonald’s test value meals to drive sales

Wendy’s will offer $3 breakfast deal, as rivals such as McDonald’s test value meals to drive sales

0
Amal Clooney played key role in ICC arrest warrants for Netanyahu, Hamas leaders

Amal Clooney played key role in ICC arrest warrants for Netanyahu, Hamas leaders

0
Ivan Boesky, inspiration for ‘Wall Street’ villain Gordon Gekko, dead at 87

Ivan Boesky, inspiration for ‘Wall Street’ villain Gordon Gekko, dead at 87

0
Democrats, left empty-handed in shutdown, turn fury on Schumer

Democrats, left empty-handed in shutdown, turn fury on Schumer

November 11, 2025
Likely end of government shutdown in sight as House lawmakers poised to clear final hurdles

Likely end of government shutdown in sight as House lawmakers poised to clear final hurdles

November 11, 2025
Top House committee chairman reveals he won’t seek re-election in 2026

Top House committee chairman reveals he won’t seek re-election in 2026

November 11, 2025
Trump’s America First strategy builds deterrence through strong US-Israel alliance, experts say

Trump’s America First strategy builds deterrence through strong US-Israel alliance, experts say

November 11, 2025
Enter Your Information Below To Receive Trading Ideas and Latest News

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Recent News

    Democrats, left empty-handed in shutdown, turn fury on Schumer

    Democrats, left empty-handed in shutdown, turn fury on Schumer

    November 11, 2025
    Likely end of government shutdown in sight as House lawmakers poised to clear final hurdles

    Likely end of government shutdown in sight as House lawmakers poised to clear final hurdles

    November 11, 2025
    Top House committee chairman reveals he won’t seek re-election in 2026

    Top House committee chairman reveals he won’t seek re-election in 2026

    November 11, 2025
    Trump’s America First strategy builds deterrence through strong US-Israel alliance, experts say

    Trump’s America First strategy builds deterrence through strong US-Israel alliance, experts say

    November 11, 2025

    Top News

    Democrats, left empty-handed in shutdown, turn fury on Schumer

    Democrats, left empty-handed in shutdown, turn fury on Schumer

    November 11, 2025
    Likely end of government shutdown in sight as House lawmakers poised to clear final hurdles

    Likely end of government shutdown in sight as House lawmakers poised to clear final hurdles

    November 11, 2025

    Latest News

    • Democrats, left empty-handed in shutdown, turn fury on Schumer
    • Likely end of government shutdown in sight as House lawmakers poised to clear final hurdles
    • Top House committee chairman reveals he won’t seek re-election in 2026

    About Trade Masters Chronicle

    • About us
    • Privacy Policy
    • Terms & Conditions
    • About us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 TradeMastersChronicle.com. All Rights Reserved.

    No Result
    View All Result
    • Economy
    • Editor’s Pick
    • Investing
    • Latest News

    Copyright © 2025 TradeMastersChronicle.com. All Rights Reserved.