20 December, 2012
Tesco comments on Competition Appeal Tribunal
Tesco is pleased with today's judgement by the Competition Appeal Tribunal. It overturned the OFT's decision that Tesco colluded with suppliers and other retailers to fix cheese prices in 2003. It also overturns a large part of the cheese 2002 decision.
The OFT's case focused on events which took place a decade ago. It is common ground that the industry faced unprecedented public pressure to increase the price received by farmers for their milk. We have noted the CAT's findings about three isolated communications in 2002. We have of course updated our compliance practices since that date.
A spokesperson for Tesco said "We are pleased with today's decision by the CAT. We have always maintained that we were not part of an overall plan to collude on prices. All the other allegations against us in this ten year process have already been dropped."
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