• From Bloomberg:
"Walmart Inc. will face an antitrust panel in Mexico after a three-year probe concluded the retailer’s local unit abused its market power, a charge that could result in billions of dollars in fines.
"The company, Mexico’s biggest retailer, is reviewing the allegations and will get its first opportunity to defend itself in an administrative process before the board of antitrust regulator Cofece, according to a Walmart de Mexico statement Friday. Under Mexican law, Cofece’s board reviews findings from agency investigators and the company’s defense before deciding how to resolve the case."
“Walmex is confident that it has always acted in accordance with applicable law to guarantee the best prices, quality and assortment to its customers and will exercise all rights and remedies available under applicable law,” the company said in a prepared statement.
