Haribo fined for exchanging information with retailers

It has been reported that the German anti-cartel authority (Germany's competition watchdog) has fined the company and one of its employees €2.4m for 'exchanging competitively relevant information' with three other companies.

Haribo, which was founded in Bonn in 1920 by Hans Riegel, and is still run by the Riegel family, said that it would accept the fine, pointing out that its 'relatively small' size was the result of Haribo’s decision to co-operate with the Bundeskartellamt, according to The Financial Times.

Source: The Financial Times

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