A PYMNTS Company

UK: CMA alleges piano supplier illegally prevented price discounts

 |  April 11, 2019

The Competition and Markets Authority (CMA) has issued a Statement of Objections to Casio Electronics Co. Ltd (Casio) which, as part of its business, supplies digital pianos and keyboards to UK retailers.

The CMA has provisionally decided that Casio implemented a policy designed to restrict retailers’ freedom to set their own prices online between 2013 and 2018, requiring them to sell at – or above – a minimum price, and so preventing them from offering price discounts.

This kind of illegal practice, known as resale price maintenance (RPM), means customers miss out on the best possible prices. Customers lose out on cheaper prices online because, even when they shop around, they find all retailers tend to be selling at around the same price.

Full Content: https://www.gov.uk/government/news/cma-alleges-piano-supplier-illegally-prevented-price-discounts

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.