UK Supermarkets Fined £49.5M Over Price-Fixing

Law360, New York (August 10, 2011, 8:44 PM EDT) -- Britain's competition regulator slapped U.K. supermarket giants Tesco, Sainsbury's and others with £49.51 million in fines on Wednesday, following an investigation into an alleged scheme to coordinate price increases.

The U.K. Office of Fair Trading said four supermarkets and five dairy processors — Arla Foods, Asda Stores Ltd., the Cheese Co., Dairy Crest Group PLC, Lactalis McLelland Ltd., Safeway PLC, Sainsbury's Supermarkets Ltd., Tesco PLC and Robert Wiseman Dairies — violated the Competition Act 1998 by coordinating price increases on certain dairy products in 2002 and...
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