• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Investing

Top liquor distributor favored Costco and Kroger over small businesses, FTC says

by December 13, 2024
written by December 13, 2024

The Federal Trade Commission in a new lawsuit accuses the largest U.S. distributor of wine and spirits of illegal price discrimination that gave large chains — among them Costco, Kroger and Total Wine & More — much better prices than those offered to neighborhood grocery stores, convenience shops and independent liquor stores.

The distributor, Southern Glazer’s Wine and Spirits, is the tenth largest privately held company in the United States, generating about $26 billion in revenues from sales to retail customers in 2023, the FTC said Thursday in announcing the suit.

The complaint says Southern, which distributes around 5,600 wine and spirit brands, deprived smaller businesses of access to discounts and rebates, harming their ability to compete with large national and regional chain stores.

The suit alleges the distributor violated the Robinson-Patman Act by providing “steep discounts” without any market justification to a certain set of retailers.

“When local businesses get squeezed because of unfair pricing practices that favor large chains, Americans see fewer choices and pay higher prices — and communities suffer,” said FTC Chair Lina Khan in a statement.

“The law says that businesses of all sizes should be able to compete on a level playing field,” Khan said. “Enforcers have ignored this mandate from Congress for decades, but the FTC’s action today will help protect fair competition, lower prices, and restore the rule of law.”

CNBC has requested comment on the lawsuit from Southern.

The suit, filed in U.S. District Court for the Central District of California, accuses Southern of price discrimination since at least 2018 up to now.

Southern distributes wine and spirits for many big suppliers, including Pernod Ricard, the supplier of Jameson Irish Whiskey and Absolut Vodka; Bacardi U.S.A., the supplier of Patron Silver Tequila, Grey Goose Vodka, and Bacardi Rum; Diageo, the supplier of Smirnoff Vodka; and Beam Suntory, the supplier of Jim Beam Bourbon and Makers Mark Whiskey, according to the FTC.

This post appeared first on NBC NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
Mexico regulator rules Walmex used monopolistic practice, orders fine
next post
Factbox-Big banks expect a quarter-point cut for ECB’s first meeting of 2025

You may also like

Bitcoin and other crypto assets sink in flight...

November 24, 2025

Stock market sinks as AI and interest rate...

November 24, 2025

U.S. added 119,000 jobs in September, but there...

November 21, 2025

Bargain hunters drive Walmart sales and outlook higher

November 21, 2025

What AI bubble? Nvidia’s strong earnings signal there’s...

November 21, 2025

Longtime Walmart CEO to step down in January

November 17, 2025

More than 1,000 Starbucks workers strike at 65...

November 15, 2025

October monthly job cuts surged to a 22-year...

November 7, 2025

Yum Brands begins strategic review for struggling Pizza...

November 5, 2025

Kimberly-Clark to buy Kenvue in $48.7 billion deal

November 3, 2025
Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!








    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Bitcoin and other crypto assets sink in flight from risk

      November 24, 2025
    • Stock market sinks as AI and interest rate worries grip investors

      November 24, 2025
    • U.S. added 119,000 jobs in September, but there are signs of a weakening labor market

      November 21, 2025
    • Bargain hunters drive Walmart sales and outlook higher

      November 21, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (670)
    • Stock (6,426)

    Latest News

    • Bitcoin and other crypto assets sink in flight from risk
    • Stock market sinks as AI and interest rate worries grip investors

    Popular News

    • As Fed members see risk of higher neutral rate, MRB warns of fewer cuts next year
    • UK chancellor faces challenges amid high borrowing, slowing GDP growth: analyst

    About The Significant deals

    • About us
    • Contacts
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy