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News
Diageo accused of breaking competition law
Turkey’s competition board has announced it is to investigate Diageo’s Mey Icki spirits group.
It is claimed that the company, acquired by Diageo in 2011 for US$2.1 billion, has breached competition rules by preventing the sale of competitors products in some stores.
The news – announced by Reuters this morning (18 February) – is just the latest in a wave of competition rulings around the world.
Diageo is currently trying to pass its deal with United Spirits through the Indian government, while AB InBev recently acquiesced to US government proposals concerning its takeover of Grupo Modelo last year.
The new deal effectively sees AB InBev grant many key rights surrounding distribution in the US to Constellation Brands.