financetom
Business
financetom
/
Business
/
India antitrust body raids Pernod, AB InBev in liquor industry crackdown, sources say
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
India antitrust body raids Pernod, AB InBev in liquor industry crackdown, sources say
Dec 18, 2024 11:49 PM

By Aditya Kalra

NEW DELHI, Dec 19 (Reuters) - India's antitrust body has

raided offices of alcohol giants Pernod Ricard and

Anheuser-Busch InBev as it investigates allegations of

price collusion with retailers in a southern state, sources

familiar with the matter said.

Wednesday's surprise raids by the Competition Commission of

India (CCI) targeted the offices in the city of Hyderabad, and

some retailers in nearby Telangana state, the five sources said,

for one of the biggest such recent crackdowns in the industry.

The sources spoke on condition of anonymity as they were not

authorised to speak to the media.

Pernod, maker of brands like Chivas Regal, did not

immediately respond to a request for comment.

In a statement, InBev, which makes Budweiser, said, "While

we cannot comment on the specifics, we take antitrust compliance

very seriously. We are working together in collaboration with

the authorities".

The CCI did not immediately respond to a request for comment

on the matter.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2025 - www.financetom.com All Rights Reserved