- Guitar Maker Fined £4.5m for Price Fixing
Guitar Maker Fined £4.5m for Price Fixing
Guitar Maker Fined £4.5m for Price Fixing23rd January 2020 - Published by
The Competition and Markets Authority has fined the guitar maker Fender Musical Instruments Europe Limited £4.5m for infringement of competition law. The fine included an 80% discount to reflect Fender’s admissions and co-operation in the investigation.
An investigation into the online sales of musical instruments was launched in April 2018. The CMA found that between 2013 and 2018, Fender had required its guitars to be sold at or above a minimum price. In some instances, Fender had put pressure on retailers who were not toeing the line to increase their online prices. Such practices, known as resale price maintenance, constitute a breach of the competition regime. Read more about resale price maintenance and price fixing.
If you are concerned about price fixing, Kuits is a specialist advisor in the niche area of competition law. Please contact us or call partner Claire Meyers on 0161 838 7816.