Law360 (December 18, 2019, 6:56 PM EST) -- France's competition authority has hit six domestic food manufacturers with €58.3 million ($64.8 million) in fines for what regulators said were efforts to leverage their combined power in the country's applesauce market to hike prices.
Fruit puree and dessert maker Charles Faraud SA and affiliates were hit the hardest with a €16.4 million penalty, while family-owned Andros paid the second-highest fine of €14.1 million, according to a news release Wednesday from France's Autorité de la Concurrence.
Four other French manufacturing companies faced fines — Materne, Conserves France, Délis et Vergers de Châteaubourg and Valade — for fixing the prices of applesauce...
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