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OFT bans anti-competitive price-fixing in luxury figurines.

Publication: M2 Presswire
Publication Date: 31-MAR-03
Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-31 March 2003-UK Government: OFT bans anti-competitive price-fixing in luxury figurines(C)1994-2003 M2 COMMUNICATIONS LTD

RDATE:03312003

Luxury porcelain and stoneware figurine producer Lladro Comercial has been required by the OFT to stop fixing UK retail prices anti- competitively.

Lladro Comercial entered into written agreements with 155 UK retailers which had the aim of preventing them from selling figurines produced by the company at a discount. The agreements infringed Chapter I of the Competition Act 1998.

Lladro Comercial and the retailers concerned have been...

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