The largest network Whole Foods will pay $ 500 thousand for fraud in trade

The largest network Whole Foods will pay $ 500 thousand for fraud in trade

29.12.2015 News

The largest network Whole Foods will pay $ 500 thousand for fraud in tradeOne of the largest supermarkets in the USA – Whole Foods was in the midst of a large-scale scandal. As a result, a spot check of stores, which was produced by regulatory agencies in New York, was found mismatch on the price tags of products, a total of 80 items. For various purchases that were made in the supermarket chain, buyers paid much more money than it should be.

The Whole Foods company admitted its guilt; its representatives said that in fact the cost of many groups of goods was wrongfully overstated.

The New York City Department of relations with consumers reported that there will be no trials in this case because the parties agreed to a penalty of $ 500 thousand. The fine will be paid to the government of New York.

In addition to monetary penalties, the city authorities have determined that now in  Whole Foods stores will be held the quarterly report, in order to avoid further violations, and ensure that all implemented supermarket chain products are  properly weighed and labeled.

In turn, the city inspector Consumer Affairs Julie Menin said that it was the worst result in the history of inspections, when all the 80 products made by check, had discrepancies in price and weight.

A huge supermarket chain Whole Foods has 311 stores in cities across the USA, Canada and Great Britain. The company was included in the ranking Forbes ”100 best companies to work”. Its profit for the fourth quarter of 2015 was $ 56 million, or 16 cents per share, compared with $ 128 million, or 35 cents a share a year earlier, while revenue rose for 5.6% to $ 3.44 billion.

Analysts said the scandal with mislabeled products may affect the company’s reputation and undermine investor confidence.

Source: tass.ru

Other articles

Read also

The largest network Whole Foods will pay $ 500 thousand for fraud in trade
News

Poland will issue another five thousand transportation permits for Ukraine

At a meeting of the Joint Commission on International Road Transport Union, Ukraine and Poland agreed to allocate 5,000 additional permits for Ukrainian carriers for 2020. Vladyslav Kryklii, the head of the Ministry of Infrastructure announced it on Friday, November 20 on his Facebook page. “Our carriers will receive the first permits in early December. […]

Next
The largest network Whole Foods will pay $ 500 thousand for fraud in trade
News

Big business has increased budget allocations

Ukrainian large taxpayers transferred UAH 362.3 billion in tax payments to the state budget in January-November 2020. According to the press service of the Office of Large Taxpayers of the State Tax Service, this is 11% more than in the same period last year. The share of tax payments from large businesses served by the […]

Next
The largest network Whole Foods will pay $ 500 thousand for fraud in trade
News

The Milk producer “Milkiland” expands its business

The “Milkiland” dairy group with assets in Ukraine, Russia and Poland completed the registration of one Polish and two Panamanian subsidiary trading companies in the first quarter 2016. According to the report of the group on the site of the Warsaw Stock Exchange, in Poland was registered UA TRADE Sp.zo.o., in Panama – Newholm Systems […]

Next
The largest network Whole Foods will pay $ 500 thousand for fraud in trade
News

Antonov and Taqnia signed an agreement on the construction of aircrafts in Saudi Arabia

SE Antonov  and Taqnia Aeronautics Co., signed an agreement on cooperation in the organization of  the aircraft manufacturing complex for production of aircrafts  An-132. This is stated in the press service of the Antonov. The document contains specific plans for delivering, organizing operation, after-sales support of Antonov aircrafts  families of AN-132, AN-148 and AN-178. It […]

Next
The largest network Whole Foods will pay $ 500 thousand for fraud in trade
News

The famous investor bet half a billion on the fall of Tesla shares

American investor Michael Burry, who predicted the financial crisis of 2008 and became the prototype of one of the characters in the movie The Big Short, made a huge bet on the fall of shares of Ilon Mask`s Tesla, Reuters writes. As of March 31, Bury’s Scion Asset Management investment fund had an option to […]

Next
The largest network Whole Foods will pay $ 500 thousand for fraud in trade
News

UkraineInvest will support large investment projects in Ukraine

The Cabinet of Ministers has authorized the Office for Investment Attraction and Support (UkraineInvest) to accompany persons who invest more than 20 million euros in Ukraine. The Cabinet of Ministers made the decision at a meeting the day before. Now UkraineInvest will support the investor in the preparation and implementation of the project with significant […]

Next
The largest network Whole Foods will pay $ 500 thousand for fraud in trade
News

Happy New Year from the chief editor

Dear colleagues, interviewers, reporters and our readers! In the name of the entire editorial project team of LDaily we wish you a Happy New Year! The outgoing year was very special for me personally and for all of my surroundings. Thanks to the “rebirth” of LDaily we got the attention of the best readers – […]

Next
The largest network Whole Foods will pay $ 500 thousand for fraud in trade
News

Billionaire Carl Icahn buys a large auto parts retailer Pep Boys for $ 900 million

Billionaire investor Carl Icahn made a statement that he is ready to pay for the purchase of the American company of automotive components production Pep Boys – Manny Moe & Jack $ 900 million, that is about $ 16.5 per share. Such a proposal of Icahn will prevent global acquisition  by Japanese corporation Bridgestone, which […]

Next
The largest network Whole Foods will pay $ 500 thousand for fraud in trade
News

Goldman Sachs sold $ 10.5 billion worth of shares

One of the world’s largest investment banks, Goldman Sachs, has sold shares worth $ 10.5 billion because of large package deals, Bloomberg reports, citing a customer newsletter. The bank sold securities of Baidu Inc., Tencent Music Entertainment Group and Vipshop Holdings Ltd. worth $ 6.6 billion before the opening of American markets. The bank then […]

Next
The largest network Whole Foods will pay $ 500 thousand for fraud in trade
News

Tesla is recalling 50,000 vehicles

Tesla is recalling about 50,000 Model S and Model X cars manufactured in the United States in different years and imported to China due to the identified suspension problems. This was reported on its website by the Chinese State Administration of Market Regulation. According to the statement of the Chinese regulator, almost 30 thousand Model […]

Next
The largest network Whole Foods will pay $ 500 thousand for fraud in trade
News

Twitter will pay Turkey a fine in the amount of $ 51 thousand

Turkish government for the first time resolved  to apply penalties to the social network Twitter. Recently, Turkey  turned to Twitter with a formal request to delete from the site all the information with an extremist nature, the information that supports  terrorism. Twitter declined the request of the Turkish government and didn’t delete the corresponding positions […]

Next
The largest network Whole Foods will pay $ 500 thousand for fraud in trade
News

Volkswagen will cut thousands of employees in Germany

Volkswagen AG, Germany’s largest carmaker, plans to cut up to 5,000 jobs in Germany. Volkswagen has confirmed that the company has reached an agreement with the company’s board of employees, which provides for early or partial retirement of some employees. The company expects that about a thousand employees will choose early retirement. Volkswagen has not […]

Next
The largest network Whole Foods will pay $ 500 thousand for fraud in trade
News

The Russians sold the Radisson Hotel: buyer’s name was not disclosed

Representatives of the Russian corporation Hotel Development reported the signing of an agreement for the sale of the hotel Radisson Blu Hotel Kiev Podol, previously owned by foreign shareholders. Estimated value of the transaction is approximately $ 10 million. With regard to information about the new owner of the four-star hotel in the prestigious district […]

Next
The largest network Whole Foods will pay $ 500 thousand for fraud in trade
News

Starbucks customers will know from which grain prepared their beverage

In the US, customers in Starbucks stores will be told the code of the drink, with which they can get information about where the grain of their choice was delivered, in what conditions it was grown and fried. Farmers who cooperate with the network, also can track their products. “We’ve been able to keep track […]

Next
The largest network Whole Foods will pay $ 500 thousand for fraud in trade
News

Moderna has received an order from the US government in the amount of $ 1.53 billion for 100 million doses of vaccine COVID-19

Shares of Moderna that up to 252.6% since the beginning of the year, increased by 9% before the opening of trading on Wednesday against the backdrop of President Donald Trump signing a major government agreement with the company to supply 100 million doses of its mRNA-1273 vaccine against COVID-19. According to a Moderna press release […]

Next
The largest network Whole Foods will pay $ 500 thousand for fraud in trade
News

Business results of the week from the LDaily

Nationalization of PrivatBank, lawsuits against Apple, and the most interesting           ideas from leading industry executives. Only that is really worth your attention    1. Privat is no longer private On December 18 at 23:30 p.m. it was  posted the information on the site of the Governmental portal of Ukraine  that […]

Next
WP2Social Auto Publish Powered By : XYZScripts.com