Big-name brands in probe on prices
The makers of some of Britain's best known household brands are at the centre of a probe into alleged price fixing, it was revealed today.The makers of some of Britain's best known household brands are at the centre of a probe into alleged price fixing, it was revealed today. Coca-Cola, PG Tips tea and Aquafresh toothpaste are among almost 100 products reported to be involved in the inquiry by the Office of Fair Trading. Manufacturers Procter & Gamble, GlaxoSmithKline, Kimberly-Clark, Unilever and Coca-Cola all confirmed they had received visits or letters from the competition watchdog. Investigators have also visited a string of supermarkets, including Tesco, Asda, Sainsbury's and Morrisons, reportedly seizing hundreds of e-mails which have been exchanged between the stores and suppliers. The OFT refused to comment on the investigation today, but the organisation's former director John Bridgeman said: "Supermarkets account for a huge amount of consumer expenditure. "It is a £100 billion sector of the economy. There is no smoke without fire. The OFT is not going to go big on this unless it has something to go on." Read more in the Shropshire Star
The makers of some of Britain's best known household brands are at the centre of a probe into alleged price fixing, it was revealed today.
Coca-Cola, PG Tips tea and Aquafresh toothpaste are among almost 100 products reported to be involved in the inquiry by the Office of Fair Trading. Manufacturers Procter & Gamble, GlaxoSmithKline, Kimberly-Clark, Unilever and Coca-Cola all confirmed they had received visits or letters from the competition watchdog.
Investigators have also visited a string of supermarkets, including Tesco, Asda, Sainsbury's and Morrisons, reportedly seizing hundreds of e-mails which have been exchanged between the stores and suppliers.
The OFT refused to comment on the investigation today, but the organisation's former director John Bridgeman said: "Supermarkets account for a huge amount of consumer expenditure.
"It is a £100 billion sector of the economy. There is no smoke without fire. The OFT is not going to go big on this unless it has something to go on."Procter & Gamble, which lists Pampers among its top products, said in a statement: "We can confirm that Procter & Gamble were visited by the OFT on Thursday. Consistent with our principles, we are fully co-operating with their inquiries."
Phil Thomson, spokesman for GlaxoSmithKline, said: "I can confirm that we have had a letter from the OFT, which we received last week. We will be responding to them in due course. I can confirm that it relates to Aquafresh."
Unilever, Kimberly-Clark and Coca-Cola also confirmed they had been contacted by the OFT.
* Many of the big-name manufacturers were in Shropshire today for the start of Pro-Retail, a three-day trade show at Telford International Centre. It gives independent retailers a chance to meet potential suppliers.
By Carl Jones