Turkish Authority Fines Frito-Lay $8.6 Million for Anticompetitive Activity

According to a news source, the Turkish Competition Authority has concluded
a 15-month investigation and imposed a fine of 17.9 million Turkish Liras
(US $8.6 million) on Frito-Lay, finding that it engaged in practices to ensure
that it was the only salty snack brand available for sale in retail shops. While
the initial decision and fine have apparently been issued to the company, a
more detailed “reasoned decision” will be forthcoming. The company, which
contends that it “has strong policies in place to achieve compliance with the
laws and regulations everywhere we do business,” will reportedly have the
right to file an appeal. See BakeryandSnacks.com, September 6, 2013.