Guitar maker Fender and four top keyboard manufacturing firms are said to have been raided in a price-fixing probe, reported the Sunday Telegraph.
Dawn raids at their British offices were reportedly conducted by staff from the Competition and Markets Authority (CMA). The CMA website has five separate cases open relating to “musical instruments and equipment: suspected anti-competitive agreements,” with each one beginning on April 17, 2018.
The CMA website states that five separate “initial investigations” have been launched into “suspected breaches of competition law by various parties.” It adds that inquiries “relate to alleged anti-competitive agreements and/or concerted practices in relation to musical instruments and equipment,” adding that it is focusing on “suspected anti-competitive agreements.”
The CMA stressed that the investigations are “at an early stage and no assumptions should be made that competition law has been infringed.”
Full Content: Telegraph
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
EU Extends Support for Farms and Fisheries Amid Market Disruptions
May 5, 2024 by
CPI
Sony and Apollo Bid $26 Billion for Paramount Acquisition
May 5, 2024 by
CPI
Goldman Sachs Resolves Decade-Old Metal-Rigging Class Action Lawsuit
May 5, 2024 by
CPI
Italian Antitrust Ruling Puts Halt on Intesa Sanpaolo’s Fintech Ambitions
May 5, 2024 by
CPI
Google Antitrust Case: Closing Arguments Conclude
May 5, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI