Price Fixing at Jounieh Pubs

I’m watching MTV right now and they are interviewing 2 guys from the Jounieh Pubs committee discussing the world record they’re trying break for the longest bar in the world. Anyway they were talking about the benefits of having a committee for the pubs in Jounieh and one of the things they’re proud of is that they’ve all agreed to unify prices… price fixing. In most parts of the world that would be considered illegal and yet here the guy was proudly admitting to it on TV. Here is the definition of price fixing on Wikipedia:

Price fixing is an agreement between participants on the same side in a market to buy or sell a product, service, or commodity only at a fixed price, or maintain the market conditions such that the price is maintained at a given level by controlling supply and demand. The group of market makers involved in price fixing is sometimes referred to as a cartel.

The intent of price fixing may be to push the price of a product as high as possible, leading to profits for all sellers but may also have the goal to fix, peg, discount, or stabilize prices. The defining characteristic of price fixing is any agreement regarding price, whether expressed or implied.

Price fixing requires a conspiracy between sellers or buyers. The purpose is to coordinate pricing for mutual benefit of the traders.

That’s not cool.

16 thoughts on “Price Fixing at Jounieh Pubs

  1. Gilly

    Totally not cool.
    Though if one of them cheats on the price-fixing arrangement and cuts prices, it’ll all fall apart, and I expect that to happen.

    Reply
  2. ElHaddad

    I went to a pub there and I didn’t like the concept of the whole street. They are trying to start something that will compete with Gemmayze and attract people in the area so that they would not go to Beirut w “yesta2rbo”, yet they are charging the same prices as the pubs in Gemmayze when they have much much less experience than them! Typical Lebanese… they start a business and they want it to be a gold mine. “Baddon yo2bro el fo2or”

    Reply
  3. mickel-ange

    el haddad sorry to tell u, bass ma 3eref 3anshou 3am te7ke :S 7a2 drink bi jounieh ka m3adal 12 000 baynama bel gemmayze m3adalo 15 000 te2riban :S tene shi 2el gemmayze metet ktir, ma 3edet metel 2abel w khssouse binoss 2el jom3a 3am tkoun fadye kouliyan. tene shi 2eza 3am te7ke 3an 2el experience hiye zeta, la2anno mo3zam mwazafin 2el gemmayze saro 3am yechteghlo bi jounieh

    Reply
  4. Najib

    As much as I love Jounieh, I don’t think pubs are doing a good job reviving the night life there and price fixing makes things even worse.

    Reply
  5. ElHaddad

    mickel-ange

    12,000 LL? I didn’t see anything under $10. It’s not expensive but when you’re new in the market and you want to attract customers setting similar prices to the competition and price fixing is definitely not the way to go. I think Hamra is doing a much better job with competitive prices and a much more diverse line of pubs.

    Reply
  6. mialuna

    ElHaddad, we, lebanese are always ungrateful concerning everything related to our country. you are comparing the business in Jounieh to Gemmayzeh and this is not right. Of course jounieh still need time to become a booming area, but in less than 2 years pubs and others are doing a great job and we have thank them for lifting up Jounieh again. Yes, “They are trying to start something that will compete with Gemmayze and attract people in the area so that they would not go to Beirut w “yesta2rbo”” w wen el ghalat???? Also, you are talking about the “guy’s experience” who do you know there or what do you know about that??? Please allow me tell you that YOU ARE WRONG.Don’t judge loosely…
    “baddon yo2obro el fo2or” akid lech inta lech bta3mol business??? ba3den “typically lebanese” lech beit el haddad min wen????
    And concerning the prices, any price, if you can afford it, pay it, if not dont go and comment negatively because beverage prices are almost in the same average everywhere ….

    Reply
  7. ElHaddad

    mialuna

    Where in my comment did i say it was wrong for them to make business ta yesta2rbo el 3alam? I don’t need to know anyone there to know that this is the first year that pubs open up in this area which means they don’t have much experience in the area. People make money by competing with each other on prices to win over customers and their first priority is always the customer. Not by price fixing and putting themselves before the customer.

    Reply
  8. Mialuna

    What you don’t know is that ALL THE OWNERS and I mean it, all of them are experienced in the field. And some of them are pub owners in gemmayzeh as well as in Jounieh. I am not defending them i am just commenting on your comments. And by the way usually the customer pays the value for money so if you’re not getting the right value of the money you’ re paying don’t spend it there then. If you read your previous comment, you see that you shifted on the ” price fixing issue” and this is why I posted a comment.

    Reply
  9. S K

    guys ! the price fixing was just for the event – world’s longest bar –
    read the whole thingy , not just the part that stresses on price fixing –
    anyways, i see it’s the writer’s mistake from first place …..

    I love jounieh ;)

    Reply
  10. S K

    and why does the time stamp remain aug 30 ? same as date when article was posted !
    admins ! u gotta do smth bout it . no !

    Reply
  11. Mark Post author

    SK: The price fixing wasn’t just for the event. If you rewatch the interview you will see they were discussing the differences between gemeyze and jounieh. The guy was talking about the mistakes of gemeyze and how they’ve taken them into consideration for jounieh and he started mentioning some of the benefits of the committee with one being the price fixing.

    regarding the timestamp you’re right, need to check on this.

    Reply

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