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Violation Tracker UK Individual Case

Company: Tesco Stores Limited and Tesco Holdings Limited and Tesco plc
Current Parent CompanyTesco PLC
Parent at the Time of the Penalty Announcement: Tesco PLC
Penalty: £6,500,000
Year: 2013
Date: 27 February, 2013
Offence Group: competition-related offences
Offence Type: price-fixing or anti-competitive practices
Violation Description: Arla, Adsa, Dairy Crest, McLelland, Safeway, Sainsbury's, Tesco, The Cheese Co. and Wiseman were fined in a decision by the OFT that the companies coordinated price increases in dairy products by the supermarkets indirectly exchanging retail pricing intentions with each other via the dairy processors. Arla was granted immunity from a fine under the leniency programme as the first to alert the OFT to the existence of possible infringements. Tesco appealed its original £10.43 million fine to the Competition Appeal Tribunal, which partly upheld its appeal leading to a settlement with a reduced £6.5 million penalty.
Action Type: agency action
Settlement Type: Settlement with OFT
Agency: Office of Fair Trading
HQ Country of Parent: United Kingdom
Ownership Structure of Parent: publicly traded
Major Industry of Parent: retailing
Specific Industry of Parent: retail-supermarkets
Source of Data(click here)