The Competition Council has imposed a fine of 1.8 million euros on one of the largest food retail companies – Maxima Latvija – for unfair trading practices. The company will appeal this decision in court.
“Maxima Latvija today received the decision of the Competition Council, in which the company is accused of, in certain cases, not agreeing to the commercial terms offered by suppliers. Maxima Latvija categorically disagrees with the Competition Council’s interpretation. Latvian legislation does not restrict a retailer’s right to agree on acceptable commercial terms or to refuse to purchase goods if the offered price is not acceptable,” Inc. was informed by Maxima Head of Communications Liene Dupate-Ugule.
She adds: “Our company has always focused on ensuring low prices for customers, which also includes discussing commercial terms with our partners. Cooperation with suppliers is conducted respectfully, as confirmed by both local and international partners. This is also reflected in the materials available to the Competition Council. The decision of the Competition Council will definitely be appealed in court.”
Details about this case will be disclosed by the Competition Council’s management on 6 November.
The turnover of SIA Maxima Latvija in 2024 was 1.1 billion euros, and the company earned 50.77 million euros. Last year, turnover had slightly increased compared to the data for the previous year, but profit decreased slightly. The company employs 5,932 people.
Originally published at https://inc-baltics.com/18-miljonu-eiro-sodu-konkurences-padome-piemerojusi-maxima/
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