Site Search
Telegraph says Wal-Mart blew whistle
Published: 11 June, 2008
Page 4
Wal-Mart reportedly "blew the whistle" on alleged price-fixing of food and toiletries recently, thus giving it immunity from any fines that may be forthcoming.
The Sunday Telegraph reported that Wal-Mart/Asda told the OFT about activity between UK retailers and fmcg companies. Any company found guilty of price-fixing could be fined up to 10% of its annual sales.
OFT officials and lawyers raided the head offices of the major multiples over the allegations, which also involve firms such as Unilever, Procter & Gamble and Reckitt Benckiser. It is believed that it will be at least two years before the OFT publishes any findings.
Poll
Has the number of customer complaints about the price of goods increased recently?
