Retail in Asia

In Markets

China to Coca-Cola: No Deal

Coca-Cola’s acquisition of China’s Huiyuan Juice was blocked on March 18 by the country’s Ministry of Commerce, which said in a statement that the deal would be harmful to market competition and violated antitrust law. 

The Ministry – in a statement published on its website – claimed numerous ill effects could result from the deal, including that it could squeeze out China’s small juice companies, and had the potential to push prices up for consumers and reduce diversity in products.