The Federal Trade Commission (FTC) is preparing to sue Southern Glazer’s Wine and Spirits, the largest alcohol distributor in the United States, over its pricing practices. The FTC alleges that the company has used its market power to increase prices of wine and liquor, negatively impacting consumers. This lawsuit is indicative of the FTC's new approach under Chair Lina Khan, who is targeting practices deemed anticompetitive, such as volume discounts for large players, even if they sometimes result in lower consumer prices. This represents a significant shift in the government's approach to competition under Lina Khan.
We need an antitrust lawsuit against the FTC.
Big Law Lines Up to Battle FTC Over Ban on Noncompete Clauses https://t.co/cLuK1Pt0cY
Yikes. How is that not an @FTC lawsuit? https://t.co/vN9EsZfjt8
This lawsuit would show how the FTC under Lina Khan is willing to attack practices it deems anticompetitive - in this case, volume discounts for large players - even when they may lead to lower prices for consumers. Big shift in the govt's approach to competition. https://t.co/JCXMvTl9xg
The FTC is on the verge of suing the largest alcohol distributor in the country over the way they price wine and liquor. The agency believes that the company, Southern Glazer’s Wine and Spirits, has used their market power to increase prices at the expense of consumers.