U.K. Fashion, Footwear, Clothing Companies Face Antitrust ProbeAndrea Gerlin
Britain’s competition regulator said it’s probing the U.K.’s fashion, clothing and footwear industry amid concerns over “suspected anti-competitive arrangements.”
The Competition and Markets Authority announced an initial investigation Thursday and said it will decide in October whether to proceed with cases or close the probe.
“This case is at an early stage and no assumption should be made that there has been an infringement of competition law,” the CMA said in a statement.
The regulator was reorganized last year, formed in place of the Office of Fair Trading and the Competition Commission, and is already probing the banking and energy industries. The CMA said this week it’s seeking to extend its work into six new areas, including probing “factors inhibiting consumer choice.”
The CMA plans to gather market information, including formal information requests to companies involved, according to its statement.