The European Union Competition Commission revealed on Tuesday that it had conducted a series of investigations at Red Bull, a global leader in the energy drink market.
According to Reuters, the raid focused on allegations that the firm was taking advantage of its dominant position to restrict competition in this area. They are now assessing those findings to determine whether Red Bull has violated EU antitrust regulations.
European Union antitrust investigators have raided the energy drink maker Red Bull over suspicions it abused its dominance in the wildly popular market, officials said Tuesday. “We will, of course, work with them on all matters that concern them,” the company said in a statement, declining to comment further.
The EU Commission reported Monday that it had performed unannounced inspections on various companies in the energy drink sector that are located across member states.
It did not name the company nor say in which countries investigators, joined by competition authorities of each member state affected, had conducted raids.
The Yoovidhya family of Thailand holds 51% of the shares in Red Bull, which is based in Fuschl-am-See in western Austria.
Featured News
T-Mobile’s Acquisition of Ka’ena Corporation Receives FCC Approval
Apr 26, 2024 by
CPI
UK Regulator Announces Two New Senior Executive Appointments
Apr 26, 2024 by
CPI
Paramount Global and Skydance Media Near Merger Deal, Eyeing CEO Change
Apr 26, 2024 by
CPI
BHP Unveils £31bn Mining Megamerger Proposal with Anglo American
Apr 25, 2024 by
nhoch@pymnts.com
ByteDance Prefers Shutdown Over Sale of TikTok Amid US Ban Threats
Apr 25, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI