Mondelez Fined $366M for Market Manipulation in Europe

Mondelez, the maker of Oreo and Cadbury Dairy Milk, has been fined €337.5 million ($366 million) by the EU for restricting cross-border trade to maintain higher prices for its products, including chocolate, cookies, and coffee. The European Commission found that Mondelez's practices, dating back to 2006, hindered retailers from sourcing products at lower prices in different EU countries. Mondelez has stated that these were isolated incidents and has since strengthened its compliance program.