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BRIEF-Hudson's Bay To Pay $4.5 Mln To Settle Competition Bureau Investigation

Published 2019-05-08, 02:00 p/m
© Reuters.  BRIEF-Hudson's Bay To Pay $4.5 Mln To Settle Competition Bureau Investigation

May 8 (Reuters) - Competition Bureau:

* HUDSON'S BAY TO PAY $4.5 MILLION TO SETTLE COMPETITION BUREAU INVESTIGATION

* COMPETITION BUREAU- HUDSON'S BAY SETTLEMENT RESOLVES NEED FOR LITIGATION THAT WAS SCHEDULED TO BEGIN AT COMPETITION TRIBUNAL ON MAY 6

* COMPETITION BUREAU - UNDER SETTLEMENT, HUDSON'S BAY WILL ALSO ENSURE THAT MARKETING OF ALL SLEEP SETS COMPLIES WITH PROVISIONS OF COMPETITION ACT

* COMPETITION BUREAU - HUDSON'S BAY WILL ESTABLISH & MAINTAIN CORPORATE-WIDE COMPLIANCE PROGRAM "THAT WILL PROMOTE COMPLIANCE WITH THE COMPETITION ACT"

* COMPETITION BUREAU - HUDSON'S BAY AGREED TO PAY $4 MILLION PENALTY AND $500,000 TOWARDS COMPETITION BUREAU'S COSTS

* COMPETITION BUREAU - HUDSON'S BAY TO PAY PENALTY TO RESOLVE PROCEEDING RELATING TO HUDSON'S ADVERTISING & PRICING PRACTICES FOR SLEEP SETS IN CANADA

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