Competition and Markets Authority news and archive

Asos, Boohoo and Asda promise “landmark changes” following CMA greenwashing probe

The UK’s Competition and Markets Authority (CMA) has reported that fashion e-tailers Asos and Boohoo, along with supermarket clothing brand George at Asda, have signed formal agreements to use “only accurate and clear green claims” moving forward as it cracks down on “greenwashing” in the sector. The move follows the CMA launching a greenwashing...

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Sainsbury’s-Asda deal blocked by CMA over pricing concerns

A proposed merger of British supermarket powerhouses Sainsbury’s and Asda has been blocked by the UK’s competitive regulator due to concerns the deal would hike up prices and reduce the quality and range of products available. In its final report published Thursday, the Competition and Markets Authority (CMA) said the long-anticipated merger...

Business

Sainsbury’s-Asda pledge to cut prices in bid to salvage merger deal

Sainsbury’s and Asda have pledged to make one billion pound price cuts in a bid to win CMA approval for their proposed 12 million pound merger to go ahead. In a statement released on Tuesday, Sainsbury’s and Asda said they would deliver one billion pounds of lower prices annually by the third year following the merger, investing 300 million...

Business

Sainsbury's-Asda merger in doubt amid pricing concerns

The UK’s competitive regulator, the Competition and Markets Authority (CMA), has said that the proposed Sainsbury's-Asda merger would push up prices and reduce competition in the industry, leaving the deal in doubt. In its Phase 2 investigation, the CMA said it found that the proposed deal “could lead to a worse experience for in-store and...

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Government launches investigation into influencer marketing

London - The Competition and Markets Authority (CMA) has launched an investigation into concerns that social media influencers are not properly declaring when they have been paid, or otherwise rewarded, to endorse goods or services. As part of its investigation, the CMA has written to a range of celebrities and social media influencers to gather...

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Model agencies fined for price collusion

The Competition and Markets Authority has found five top UK model agencies and their trade association guilty for breaking competition law by colluding on prices and has fined them a total of 1,533,500 pounds. The authority stated that model agencies FM Models, Models 1 Premier, Storm and Viva, along with trade association Association of Model...

Fashion

Competition authority to probe fashion sector

The Competition and Markets Authority has opened an investigation into "suspected anti-competitive arrangements" in the UK clothing, footwear and fashion sector. In a short statement, the CMA said it would gather information, issuing formal or informal requests between now and September, on activities which may infringe chapter 1 of the...