{"id":39438,"date":"2024-12-13T19:19:10","date_gmt":"2024-12-14T00:19:10","guid":{"rendered":"https:\/\/newssprinters.com\/index.php\/world\/walmarts-mexico-subsidiary-plans-to-appeal-a-4-6-million-fine-for-alleged-monopolistic-practices\/13\/12\/2024\/"},"modified":"2024-12-13T19:19:10","modified_gmt":"2024-12-14T00:19:10","slug":"walmarts-mexico-subsidiary-plans-to-appeal-a-4-6-million-fine-for-alleged-monopolistic-practices","status":"publish","type":"post","link":"https:\/\/newssprinters.com\/index.php\/world\/walmarts-mexico-subsidiary-plans-to-appeal-a-4-6-million-fine-for-alleged-monopolistic-practices\/13\/12\/2024\/","title":{"rendered":"Walmart&#8217;s Mexico subsidiary plans to appeal a $4.6 million fine for alleged monopolistic practices"},"content":{"rendered":"<p>\n<\/p>\n<div>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->MEXICO CITY (AP) \u2014 Walmart\u2019s Mexico subsidiary said Friday it plans to appeal a $4.6 million fine for <a href=\"https:\/\/apnews.com\/article\/mexico-walmart-monopolistic-practices-df624f93ee11f08c666086368cfa53f1\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:alleged anti-competitive practices involving suppliers.;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">alleged anti-competitive practices involving suppliers. <\/a><!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->Walmart de Mexico said in a statement that it had talked with suppliers to see if there were any concerns. The agency that issued the fine, known as the Federal Competition Commission, expressed concerns about a \u201crelative monopolistic practice.\u201d<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->The commission, Mexico&#8217;s main anti-monopoly regulatory agency, is one of several independent agencies soon to be eliminated as part of what the government describes as a money-saving measure.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->It apparently levied the fine after at least one rival store chain accused Walmart of using its substantial purchasing power to gain discounts that put other sellers at a disadvantage.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->Walmart is by far the largest retail chain in Mexico. It called the decision \u201cincorrect\u201d and said it contained \u201cerrors in applying the law.\u201d The company said it would abide by the agency\u2019s ruling Thursday, but would appeal the decision.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1pe5jgt\"><!-- HTML_TAG_START -->Walmart&#8217;s shares rose about 7.5% on the Mexican stock exchange Friday.<!-- HTML_TAG_END --><\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/finance.yahoo.com\/news\/walmarts-mexico-subsidiary-plans-appeal-224829212.html\" target=\"_blank\" rel=\"noopener nofollow\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MEXICO CITY (AP) &mdash; Walmart&rsquo;s Mexico subsidiary said Friday it plans to appeal a $4.6 million fine for alleged anti-competitive practices involving<br \/><button class=\"read-more\"><a href=\"https:\/\/newssprinters.com\/index.php\/world\/walmarts-mexico-subsidiary-plans-to-appeal-a-4-6-million-fine-for-alleged-monopolistic-practices\/13\/12\/2024\/\">Read More &rsaquo;<\/a><\/button><\/p>\n","protected":false},"author":1,"featured_media":11780,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[2],"tags":[],"_links":{"self":[{"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/posts\/39438"}],"collection":[{"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/comments?post=39438"}],"version-history":[{"count":0,"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/posts\/39438\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/media\/11780"}],"wp:attachment":[{"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/media?parent=39438"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/categories?post=39438"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/tags?post=39438"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}