How to run successful (and legal) promotions without your business paying the price
What do soccer, beer, and a fine of over 700 million pesos (USD$220,000 approx.) have in common? The short answer: a poorly executed promotion. Recently, the Superintendence of Industry and Commerce (SIC) issued a landmark resolution that leaves all entrepreneurs with an invaluable lesson about advertising promises and current regulations.
The Case: When “Bienvenida Azul – Blue Welcome” turned into red numbers
The SIC sanctioned a major brewery in Colombia with a fine of approximately USD$220,000. The reason? Breaching consumer protection rules in their recent promotional campaigns linked to ticketing for a professional soccer team.