Competition Authority's Retail Investigations and 2023 Forecasts and Analyses
Erdem & Erdem Partner and Competition & Compliance Leader Mert Karamustafaoğlu was the guest of the was a guest of the “Piyasa Hattı” program presented by Güzem Yıldız and broadcast on BloombergHT on Wednesday, December 21 at 14.00.
In the program, it was mentioned that the pricing behaviors of 15 undertakings in chain markets were examined within the scope of the investigation carried out as a continuation of the investigation, which imposed a total administrative fine of approximately 2.7 billion on 5 chain markets and 1 supplier in the retail sector. The inquiry team indicated that it was found through the investigations and evaluations that some suppliers offered coordination for price increases among 5 large chain marketplaces, and that the markets constituted a cartel for shelf prices.
Karamustafaoğlu mentioned the course of action the Competition Authority might take in 2023 with regard to this matter. He offered analyses and evaluations on the issue by comparing the global competitive conditions with the recent Turkish Competition Authority decision using the examples of Portugal and the UK.
You can watch the program on the BloombergHT Youtube channel.