05-19-2014, 01:05 PM
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#3
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Grand Sorcerer
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Join Date: May 2009
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Classic price fixing:
http://www.ft.com/cms/s/0/45c6fb66-2...#axzz32BLCl7Qq
Quote:
It said the aim of the four parties, who together hold more than 90 per cent market share in France for laundry powder, liquid and tablets, “was to stifle competition”. It described how directors from the four manufacturers regularly held secret talks in Paris hotels and restaurants, referring to each other by code names as they determined pricing and promotion policies.
“Cartel members artificially manipulated the prices,” said Bruno Lasserre, chairman of the watchdog.
Price differences between detergents were generally aligned, although two brands were allowed to be slightly more expensive. The cartel also co-ordinated promotion policies.
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