Heavy fines may be imposed on grocers and suppliers after the Office of Fair Trading uncovered evidence that pricing information may have been shared.Heavy fines, indeed -- potentially up to 10% of sales.
The competition watchdog said in a letter that there were "reasonable grounds to suspect" that pricing data was passed between supermarkets via suppliers, the Financial Times reported.
Retailers being investigated may include Asda, Morrisons, Sainsbury's, and Tesco (who are pretty much the entire UK grocery market). Manufacturers: Unilever, Mars, P&G, Coca-Cola.
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