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FENDER OFFENDS – TO THE TUNE OF £4.5M

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A reminder from a famous brand that anti-competitive behaviour can have serious consequences.

The Competition and Markets Authority has concluded that between 2013 and 2018 the European business of Fender, the famous guitar brand, illegally prevented online discounts on its products in the UK.

The fine of £4.5m is the largest penalty handed down to date by the UK Competition Regulator for this type of behaviour.

In short, it is lawful for suppliers to “recommend” the price that retailers should charge for their goods – but it is unlawful to set minimum selling prices.

Businesses must be aware of competition laws, especially if they hold any sort of dominant position in the relevant market.

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      By completing and submitting this form, you consent to Greenwoods Legal LLP processing your personal data to provide you with the email update services you have selected and any other materials and information about our services that Greenwoods Legal LLP reasonably believes will be of interest to you. You are free to withdraw your consent at any time by emailing mailinglists@greenwoods.co.uk