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The Federal Trade Commission sued PepsiCo on Friday, alleging that it has engaged in illegal price discrimination by giving unfair price advantages to one big-box retailer at the expense of other vendors and consumers. The benefiting customer wasn't named in an FTC statement about the lawsuit. But a source familiar with the case, who asked not to be named because they were not authorised to it, said the retailer was Walmart. PepsiCo said the lawsuit is wrong on the facts and the law and misunderstands the way consumer product companies help retailers provide lower prices. PepsiCo strongly disputes the FTC's allegations, and the partisan manner in which the suit was filed. We will vigorously present our case in court, the company said in a statement. The FTC said PepsiCo's practices included making promotional payments to Walmart but not to large grocery chains or independent convenience stores. The FTC said that allows Walmart to lower its prices, but forces Americans to pay inflat

Updated On: 18 Jan 2025 | 7:47 AM IST
Bs_logoUS lawsuit accuses Pepsi of favouring Walmart over smaller stores

Walmart and Branch Messenger are being sued for allegedly opening expensive bank accounts for delivery drivers without their consent. Here's all that happened

Updated On: 24 Dec 2024 | 11:04 AM IST
Bs_logoWalmart, Branch accused of opening drivers' costly accounts without consent

Flipkart is a stake Walmart has put down in a market where brick-and-mortar foreign retailers face stifling restrictions

Updated On: 18 Dec 2024 | 7:50 AM IST
Bs_logoWalmart's Flipkart has a tough battle ahead in India, a 2026 IPO likely

World's Richest Families 2024: The Walmart Waltons top the list with $406.5 billion; India's Ambanis and Mistrys of Shapoorji Pallonji rank 8th and 23rd. Here is the top five list

Updated On: 13 Dec 2024 | 5:30 PM IST
Bs_logoWorld's Richest Families 2024: Waltons top with $432.4 bn, Ambanis at no. 8

Seven & i Holdings Vice President Junro Ito swooped in last month with an offer to take private the company founded by his late father

Updated On: 12 Dec 2024 | 8:44 AM IST
Bs_logoBattle for Seven & i shows Japan Inc's resilience amid management buyout

The Competition Commission on Tuesday granted approval to Alphabet's arm Shoreline International Holdings LLC to acquire a stake in Walmart group firm Flipkart. Shoreline International Holding is a wholly-owned subsidiary of Google's parent firm Alphabet Inc. It is a holding company and does not own or operate any Google products or services. "The proposed transaction comprises an investment through subscription of shares of Flipkart Pvt Ltd (Target) by Shoreline International Holdings LLC (Acquirer) and an arrangement between an affiliate of the acquirer and the target's subsidiary for the provision of certain services," the regulator said in a release. "Commission approves transaction involving subscription of shares of Flipkart Pvt Ltd by Shoreline, an Alphabet, Inc subsidiary," the regulator said in a post on X. Flipkart is a subsidiary of Walmart Inc and ultimately belongs to the Walmart Group. It is primarily engaged in the business of wholesale cash and carry of goods and ..

Updated On: 26 Nov 2024 | 8:53 PM IST
Bs_logoAlphabet arm gets CCI's clearance to acquire stake in Walmart's Flipkart

The retailer will scale back racial equity training, stop participating in rankings by an LGBTQ advocacy group and review its support for Pride and other events

Updated On: 26 Nov 2024 | 1:05 PM IST

Bartlett has decades of experience in public relations and government affairs

Updated On: 22 Nov 2024 | 4:09 PM IST

The retailer is among the first major US chains to provide insight into the all-important holiday quarter and how consumers are planning to spend as inflation ebbs

Updated On: 19 Nov 2024 | 6:44 PM IST

A Halifax community is mourning the tragic death of 19-year-old Gursimran Kaur, a Walmart bakery worker, who died in a walk-in oven accident

Updated On: 25 Oct 2024 | 1:56 PM IST

Any recall of the Competition Commission of India (CCI) report could delay its antitrust investigation, which began in 2021

Updated On: 24 Sep 2024 | 12:01 AM IST

Nair has previously worked with Hindustan Coca-Cola Beverages as CHRO for India and SAARC, where she contributed significantly to sales retention and supply chain productivity

Updated On: 23 Sep 2024 | 10:12 PM IST

BJP MP Khandelwal urges Goyal to suspend festival sales of ecommerce players

Updated On: 15 Sep 2024 | 9:11 PM IST

The Competition Commission of India (CCI) in 2020 ordered an investigation into Amazon and Flipkart for allegedly promoting certain sellers with which they had business arrangements

Updated On: 12 Sep 2024 | 9:34 PM IST

Walmart Foundation has provided three new grants totalling USD 2.78 million to advance technological innovation in India's agriculture sector. With the Walmart Foundation funding, the National Entrepreneurship Network (NEN), Cornell University in support of the Tata-Cornell Institute for Agriculture and Nutrition (TCI) and Precision Development (PxD) collectively aim to reach over 3,00,000 farmers in India, according to a statement. Walmart.org represents the philanthropic efforts of Walmart and the Walmart Foundation. These grants aim to enhance farmer livelihoods, increase market access and promote sustainable agricultural practices, thereby contributing to the Walmart and Walmart Foundation goal of reaching 1 million smallholder farmers by 2028 across India's agriculture sector, it added.

Updated On: 10 Sep 2024 | 7:05 PM IST

Walmart's members can avail discounts at Burger King, including 25 per cent off on any digital order every day, the company said

Updated On: 22 Aug 2024 | 6:26 PM IST

Walmart said in a statement that JD.com had been a valued partner over the past eight years, and the US retailer was committed to a continued commercial relationship with the Chinese e-commerce giant

Updated On: 21 Aug 2024 | 11:16 PM IST

Shares of the Bentonville, Arkansas-based company rose more than 7 per cent in premarket trading

Updated On: 15 Aug 2024 | 10:36 PM IST

The service has been launched across areas such as HSR Layout, Gunjur, Bellandur, and Kadubeesanahalli

Updated On: 05 Aug 2024 | 10:42 PM IST

As Amazon turns 30, Clash is a timely book that explores the fierce rivalry between retail giants Amazon and Walmart, and examines their impact on the retail landscape and customers

Updated On: 09 Jul 2024 | 10:08 PM IST