The Competition and Markets Authority has produced a 60-Second Summary sheet to advise dealers on price fixing.
The guidance sets out what a resale price maintenance (RPM) agreement is between a supplier and a dealer and includes advice for distributors on how to comply with competition law.
CMA’s project director Susan Oxley and assistant project director Carissa Baker gave out a number of these handy guides at their address to the industry last week during a CEDA Partners meeting in the Abbey Hotel, Redditch.
The summary comes after the CMA yesterday published an open letter to businesses alerting them that if suppliers restrict their distributors’ prices, that can break the law.
For more on that development, see our sister title, Foodservice Equipment Journal’s report, here.
The government body has taken these steps following its recent investigation into price fixing in the catering equipment sector which saw Foster fined almost £2.3m.
Furthermore, the CMA previously produced a short video to explain what RPM looks like in practice. Click here to view this.