Brazil's iFood, CADE sign settlement agreement in exclusivity clause probe
( February 8, 2023, 18:29 GMT | Official Statement) -- MLex Summary: Online delivery app platform iFood has signed a settlement agreement with the Brazilian competition authority in a probe into iFood's exclusivity relationships with restaurants, according to a statement. Among the terms of the agreement is a prohibition on iFood signing new exclusivity accords with restaurant chains that have 30 units or more in Brazil, and a requirement that in each Brazilian city, iFood has exclusivity agreements with only 8 percent of the total number of restaurants active on its platform.CADE press release follows in Portuguese....
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