TURKEY: Diageo's Mey Icki faces competition probe
Mey Icki is facing scrutiny from Turkey's competition authorities
Turkey's competition authorities have launched an investigation into Diageo-owned spirit group Mey Icki.
The country's Competition Board said yesterday (18 February) that the “preliminary” probe is based on complaints that Mey Icki allegedly prevented sales of competitors' products in stores and abused its “dominant” market position. A Diageo spokesperson declined to comment on the investigation after being contacted by just-drinks.
Mey Icki has defended itself in a press statement, reported by local media. The subsidiary said that the investigation does not mean the company broke competition rules, and that previous probes had been carried out based on rival companies' claims, Hurriyet Daily News reported. The company said it would work with the Competition Board during the investigation, it was reported.
Wuliangye Yibin has warned China's spirits market is going though an adjustment after it posted a slowdown in profits growth in first-half results, according to local reports. ...
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