Energizer Holdings Inc and Walmart Inc have been sued by consumers and retailers in three proposed class actions accusing them of conspiring to raise the prices of disposable batteries.
have been sued by consumers and retailers in three proposed class actions accusing them of conspiring to raise the prices of disposable batteries.
Walmart rivals allegedly risked higher wholesale prices or being cut off by Energizer, the largest U.S. disposable battery maker, if they charged less at checkout than Walmart, the world's largest retailer.Duracell, which together control 85% of the disposable battery market, that inflation and changes in demand could not explain, the complaints said.
Walmart said it takes "allegations like this seriously and will respond in court as appropriate," in a statement to Reuters. Energizer did not respond to a request for comment on Saturday. Duracell is not a defendant. According to the plaintiffs, Energizer's share of the U.S. disposable battery market has risen to more than 50% from 40% in 2018.
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