OFT supermarket probe targets suppliers


OFT supermarket probe targets suppliers
The Office of Fair Trading investigation into alleged price-fixing by the four major supermarkets has been expanded to target several leading household brands, according to a report.

The Daily Telegraph claims to have seen a document that names Procter & Gamble, Coca-Cola, GlaxoSmithKline, Unilever and Andrex's US owner Kimberly-Clark as companies under investigation.

Familiar brands such as Andrex toilet paper, Anadin Extra, Cadbury Highlights and Warburtons bread are among items on the list, the newspaper said.

The four major supermarkets – Asda, Morrisons, Sainsbury's and Tesco – were all raided last week as part of a probe into possible price fixing on hundreds of goods.

The firms involved have confirmed they have received visits, but have not given any details as to what the OFT was looking for.

Procter & Gamble said in a statement: "We can confirm that Procter & Gamble were visited by the OFT on Thursday. Consistent with our principles, we are fully co-operating with their inquiries.

"We do not have any additional information to share at this stage, save to say that it is Procter & Gamble's policy to fully abide by the spirit and letter of the law."

A GlaxoSmithKline spokesperson said: "We have received a letter from the OFT in relation to the OFT's competition enquiry and we will respond in due course."

A spokesperson from Unilever said: "We can confirm that we have been approached by the OFT with a section 26 request for information and that we are in the process of responding."

The OFT has also recently launched an investigation into the price fixing of tobacco products sold in supermarkets and bid rigging in the construction industry.

Bookmark with:
Bookmark with: Digg Digg Bookmark with: Del.icio.us Delicious Bookmark with: Reddit Reddit Bookmark with: StumbleUpon StumbleUpon Bookmark with: Google Google Bookmark with: Technorati Technorati Bookmark with: Netvouz Netvouz

Latest News:

Search News
News Front Page
Accountancy / Tax
Advertising / PR
Armed Forces
Aviation / Aerospace
Banking / Finance
Charities / Voluntary
Childcare / Youth
Construction / Property
Customer Services
Education / Training / Teaching
Emergency Services
Engineering / Electronics
Entertainment / TV / Theatre
Graduate Roles
HR / Recruitment
Health / Beauty
Hotel / Catering / Restaurants
IT / Internet
Insurance / Pensions
International / Overseas
Management / Business
Manufacturing / Industry
Media / New Media / Creative
Medical / Healthcare
Pharmaceutical Industry
Public Sector
Retail / Wholesale
Sales / Purchasing / Marketing
Science / Technology
Secretarial / PA / Admin
Skilled / Semi-skilled Manual
Transport / Logistics
Travel / Tourism / Leisure