In the run up to Black Friday, one of the busiest times of year for online sales, the CMA is promoting best practice advice on pricing to online sellers.
You may have seen in the press that the CMA recently fined an online seller over £160K earlier for using repricing software as part of an agreement with a competitor not to undercut each other’s prices when selling on Amazon’s UK website.
Don’t fall foul of the law- read the CMA’s short advice bit.ly/2fXqouQ
If you think you and your business have been involved in an illegal cartel, you should notify the CMA as soon as possible – you may benefit from lenient treatment, such as avoiding any fines or penalties, by being the first to come forward to the CMA.
Always seek independent legal advice to make sure you’re complying with the law.
Suspect another business may be price fixing?
If you have information on other businesses you think may not be playing fair but engaged in price-fixing or other cartel or anti-competitive behaviour: Report this to the CMA’s cartels hotline by email firstname.lastname@example.org or on 020 3738 6888.
Price fixing involves agreeing with a separate competing business what price you will charge your customers. It can also include agreements not to sell below a minimum price, or simply agreeing not to undercut a competitor.
You can check our guidance on what anti-competitive activity looks like, which will give you more information on the types of behaviour that can be illegal. Vist: www.gov.uk/cma/competing-fairly-in-business for more info.
If you have any concerns about competition law we always recommend that you seek independent legal advice.