E-mail trail leads OFT to investigate grocery price collusion


E-mail trail leads OFT to investigate grocery price collusion

Ian Grant

The Office of Fair Trading has confirmed it is investigating the UK's top retailers and grocery manufacturers for possible collusion on pricing.

Asda approached the Office of Fair Trading (OFT) with e-mails related to a separate investigation by the Competition Commissioner, according to the Financial Times.

Tesco, which was in a price war with Asda at the time, also gave e-mails to the commission.

Earlier this year the OFT raided Tesco, Sainsbury's, Morrison's, Asda and Procter & Gamble. It also asked for information from grocery makers including Nestle, Unilever, Cadbury, Mars, Coca-Cola and GlaxoSmithKline, the FT said.

The full OFT statement reads: "The OFT is conducting an ongoing investigation into potential breaches of competition law by a number of retailers and suppliers, across a range of product areas. In the interests of transparency, the OFT has written to all the parties providing an update on the investigation. It is inappropriate to give any further detail at this stage."

Email Alerts

Register now to receive ComputerWeekly.com IT-related news, guides and more, delivered to your inbox.
By submitting your personal information, you agree to receive emails regarding relevant products and special offers from TechTarget and its partners. You also agree that your personal information may be transferred and processed in the United States, and that you have read and agree to the Terms of Use and the Privacy Policy.

COMMENTS powered by Disqus  //  Commenting policy