Bizarre bra price fix bust up
The sizzling soaraway Office of Fair Trading has accused three high street stores and a leading sports bra manufacturer of fixing prices. Bra maker DB Apparel has been outed by the Competition Commission for making nine anti-competitive deals with John Lewis, Debenhams and House of Fraser between 2008 and 2011.
'These alleged agreements had the aim of increasing the retail prices of DBA's Shock Absorber brand of sports bras in each of the three department stores.' the OFT said.
During this time, DB Apparel’s Shock Absorber brand was the leading sports bra, and its sales accounted for 15% of the market. The alleged agreements are apparently a serious infringement of competition law, and amount to ‘resale price maintenance’ - that’s when a supplier sets a price and the store agrees to the price. This is very, very bad.
Anne Pope from the OFT said: The OFT takes allegations of price-fixing seriously. Resale price maintenance limits competition between retailers and can lead to consumers paying higher prices.’
John Lewis, Debenhams and House of Fraser are saying nothing – but it looks like someone’s MADE A BOOB.