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Mexico's regulators impose 10-year special restrictions on Walmart's subsidiary

16 December 2024
in World
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Mexico's regulators impose 10-year special restrictions on Walmart's subsidiary
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Mexico’s anti-monopoly regulators have imposed special conditions on Walmart’s Mexico subsidiary for 10 years, following a $4.6 million fine for alleged monopolistic practices. The Federal Competition Commission ruled that Walmart must refrain from pressuring suppliers for discounts, as it had done for 13 years, unfairly impacting competitors. Walmart de Mexico plans to appeal the fine, claiming errors in the application of the law and describing the case as unfair.

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Tags: 10year116843672ArticleBusinessCorporate law and regulationGeneral newsimposeMexico039sRegulatorsRestrictionsRetail and wholesalespecialsubsidiaryWalmart039sWorld news
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