Two major Chilean retailers are facing censure from anti-trust authorities over their dealings with suppliers, following a petition by the country’s anti-trust prosecutor to Chile’s highest anti-monopoly authority to prohibit certain practices.
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National Economic Prosecutor Enrique Vergara has petitioned the Free Competition Tribunal to prohibit D&S and Cencosud from extending payments to suppliers beyond 30 days, making unjustified charges, executing inadequate contracts and making unilateral changes in contract conditions.
“All of these measures affect free competition, because they have caused and may cause a reduction in goods and services offered, which is harmful to free competition,” Vergara said.
Vergara has also asked that D&S be blocked from acquiring the El Pilar supermarket business in the city of Linares and competitor sites in the southern region of Talca.
D&S and Cencosud are Chile’s largest supermarket operators with a combined market share of around 60%. D&S operates the Lider chain and has around a 33% market share, while Cencosud owns the Jumbo supermarket business, and controls about 27% of the market.
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By GlobalData
