Tiger Brands and price-fixing Archive

Startling details have emerged about last month’s departure from Tiger Brands of financial director Noel Doyle which provide damning evidence that the company covered-up the role of its executives in the price-fixing debacle.
Part of this emerged in the full 150-page Edward Nathan Sonnenbergs report into the price fixing in the bread industry, commissioned by Tiger [...]

In a decision that will please his detractors but raise questions about the timing, Tiger Brands CEO Nick Dennis has resigned from the post, taking “early retirement”.
Dennis has taken considerable heat for a price-fixing scandal at Tiger Brand’s subsidiary, Albany, that will see the company pay R98m to the competition authorities.
Throughout, Dennis claimed he “didn’t know” [...]

 
Tiger Brands has been justifiably slammed over its role in the bread price-fixing scandal, yet CEO Nick Dennis seems to have gone to ground.  The FM asked Tiger Brands chairman Lex van Vught for his views on the price-fixing scandal.

FM: Do you feel Tiger Brands has been honest and direct over the price-fixing at Albany?
Lex [...]

Tiger Brands might have survived a humiliating public flogging at the Competition Tribunal, but this doesn’t mean the heat is off CEO Nick Dennis.
Calls for Dennis’ resignation have risen in recent weeks, and this sentiment was boosted by Tribunal chairman David Lewis’ comments that some of Tiger Brands’ staff would be behind bars this Christmas, had this [...]

Tiger Brands CEO Nick Dennis may be in a great deal of trouble as claims rumble to the surface that he was, contrary to his protestations, well aware of the price fixing going on at his company’s bread making arm, Albany Bakeries.
Dennis, a veteran of the company since 1983, said on radio two weeks ago that he was “gutted” [...]

Although he hasn’t said as much, Nick Dennis, the CEO of Tiger Brands, is fighting for his job - and there are some who would say he doesn’t deserve to keep it.
The fuse, of course, is the nasty Competition Commission probe into how his company through its subsidiary Albany Bread, fixed prices in the bread industry with [...]