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Toy price-fixers fined £20 million

Older NewsNews from The Office of Fair Trading and Trading Standards dated 29th April 2005.

The OFT welcomes the ruling given today by the Competition Appeal Tribunal (CAT) that the penalties imposed upon Argos and Littlewoods for fixing the prices of toys and games together with Hasbro were fair and proportionate....
The CAT nonetheless reduced the penalty on Argos from £17.28 million to £15 million, and set the penalty on Littlewoods at £4.5 million, down from £5.37 million due to a reassessment of the penalties undertaken by the CAT with a view to taking a conservative approach.....

You can read the press release in full here

Category: Older News | Submitted by: quartz - on: Tuesday, 3rd May 2005 at 09:11:21 BST | Share: | Discuss: Read on

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