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US: Hair regrowth cos found to have colluded for 4 years

By  |  April 10, 2013

Hair replacement company Bosley has reportedly reached an agreement with the Federal Trade Commission after what the FTC found to be four years’ worth of anticompetitive behavior. Bosley was found to have colluded with rival Hair Club to share market sensitive information, including future product offers, price floors, discounts and other business endeavors. The collusion could have possibly impacted consumers by keeping prices high and competition low between the two hair regrowth companies. According to FTC, Bosley additionally shared market-sensitive information with other competitors, though specific companies were not named. Bosley has reportedly agreed to enter into an antitrust compliance program and to not share any further information with competitors.

 

Full Content: Consumerist

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