News
PX Mart fined for merger violation
The Fair Trade Commission has imposed a NT$20 million fine on supermarket chain PX Mart for violating a key condition of its 2022 merger approval with RT-Mart.
The FTC found that PX Mart did not comply with the stipulated condition that prohibited the use of most favoured pricing clauses with its suppliers. This breach forced suppliers to offer PX Mart the same discounts they provided to other distributors, unfairly shifting competitive risks onto them and maintaining PX Mart's profit margins under the guise of consumer benefits.
This action goes against the Fair Trade Act, which allows for fines up to NT$50 million for such violations. Additionally, PX Mart could face further penalties, including operational or managerial adjustments, mandated by the FTC.
