UK: Guitar maker Fender raided in price-fixing probe

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.