Price Fixing: OFT charges UK supermarkets and dairies
The UK’s Office of Fair Trading has issued a statement of objections, which charges that several UK supermarket operators and dairy processors have been keeping the price of milk and dairy products artificially high. This SO was issued to Asda, Morrisons, Safeway, Sainsbury and Tesco, as well as dairy processors Arla, Dairy Crest, Lactalis McLelland, The Cheese Company and Wiseman.
The provisional finding is that these supermarkets and dairy processors engaged in fixing the retail prices for milk, butter and cheese, in breach of the Competition Act, by sharing highly commercially sensitive information, including details of the levels of price increases, over a two year period (2002 and 2003).
The press release is here.
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