Posted by Hari on Friday, March 01, 2013 with 3 comments | Labels: OFT, regulation, retailers, supermarkets
Fee, Chris and KJ hope that's the end of the matter...
SOURCE TELEGRAPH: Tesco to pay £6.5m fine for fixing milk and cheese prices
Tesco, Asda and Sainsburys were operating a cartel to keep dairy prices high. The Office of Fair Trading estimated that the collusion led to shoppers paying 2p more for a litre of milk and 2p more for 100g of cheese. Although Tesco has always denied collusion, it finally lost a decade-long court battle. Supermarkets and dairy processors have paid £39m collectively in fines for this price fix.
How can rip offs be legal
ReplyDeleteSupermarket sales tactics may be rip-offs, but they are legal says the Office of Fair Trading
Deletehttp://www.blog.rippedoffbritons.com/2012/12/supermarket-sales-tactics-may-be-rip.html
Fines are pointless, they should order them to freeze their prices for a couple of years to pay back the people they ripped off.
ReplyDelete