Friday 1 March 2013

Tesco fined £6.5m for fixing milk and cheese prices

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.

at

3 comments:

  1. Anonymous5 March 2013 at 18:05

    How can rip offs be legal

    ReplyDelete
    Replies
    1. Jake6 March 2013 at 05:52

      Supermarket sales tactics may be rip-offs, but they are legal says the Office of Fair Trading
      http://www.blog.rippedoffbritons.com/2012/12/supermarket-sales-tactics-may-be-rip.html

      Delete
  2. Anonymous15 March 2013 at 12:22

    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

Note: only a member of this blog may post a comment.