Chicken Sandwich Prices Recently
Jun 3, 2020 16:51:21 GMT -5
Post by 1hooper on Jun 3, 2020 16:51:21 GMT -5
Costco,Yum Brands,Chic fil A and others effected.
I only found it topical because my sister can't get enough Chic Fil A.
Hoop
Four current and former chicken industry executives, including Pilgrim’s Pride CEO Jayson Penn, have been indicted for price fixing.
Shares of Pilgrim’s Pride plunged as much as 13% in afternoon trading. The stock, which has a market value of $4.46 billion, has fallen 44% so far in 2020. Shares of Tyson Foods, which was not named in the indictment, also fell on the news.
The other executives allegedly involved in the scheme include former Pilgrim’s Pride vice president Roger Austin, Claxton Poultry Farms President Mikell Fries and Scott Brady, a former Pilgrim’s Pride executive who joined Claxton in 2012. Pilgrim’s Pride supplies chicken for Costco and Yum Brands’ KFC, while Claxton is a supplier for Chick-fil-A.
The indictment, unsealed on Tuesday, says that the Pilgrim’s Pride and Claxton executives communicated to each other non-public information about negotiations with fast-food chains and grocery stores and put forth similar bids.
www.cnbc.com/2020/06/03/pilgrims-pride-ceo-and-other-chicken-industry-executives-indicted-for-price-fixing.html
I only found it topical because my sister can't get enough Chic Fil A.
Hoop
Four current and former chicken industry executives, including Pilgrim’s Pride CEO Jayson Penn, have been indicted for price fixing.
Shares of Pilgrim’s Pride plunged as much as 13% in afternoon trading. The stock, which has a market value of $4.46 billion, has fallen 44% so far in 2020. Shares of Tyson Foods, which was not named in the indictment, also fell on the news.
The other executives allegedly involved in the scheme include former Pilgrim’s Pride vice president Roger Austin, Claxton Poultry Farms President Mikell Fries and Scott Brady, a former Pilgrim’s Pride executive who joined Claxton in 2012. Pilgrim’s Pride supplies chicken for Costco and Yum Brands’ KFC, while Claxton is a supplier for Chick-fil-A.
The indictment, unsealed on Tuesday, says that the Pilgrim’s Pride and Claxton executives communicated to each other non-public information about negotiations with fast-food chains and grocery stores and put forth similar bids.
www.cnbc.com/2020/06/03/pilgrims-pride-ceo-and-other-chicken-industry-executives-indicted-for-price-fixing.html
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