Did French Company Fix Bra Prices?

DB Apparel spokesperson denies allegations

   

Did French Company Fix Bra Prices?

An apparel manufacturer has come under fire for allegations of fixing prices of sports bras with some of the U.K.’s largest department stores.

CNBC reports that the U.K.’s Office of Fair Trading (OFT) alleges that John Lewis, Debenhams and House of Fraser artificially raised the price of sports bras by working with French bra manufacturer DB Apparel. OFT is investigating these companies based on events that allegedly took place between 2001 and 2008 where DB Apparel and the stores agreed on the resale price of Shock Absorber bras.

If these allegations are true, the companies could be in trouble as this would be an infringement of competition law. A DB Apparel spokesperson discussed the allegations and said that these allegations were not true.


Article printed from InvestorPlace Media, http://investorplace.com/2013/09/did-french-company-fix-bra-prices/.

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