9/1/2014

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Business

British regulator probing alleged bra price-fixing

British regulator probing alleged bra price-fixing
The House of Fraser chain is one of the companies under investigation for price-fixing.
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LONDON (AP) - It turns out athletically inclined British women may be paying too much for their underwear.

Britain's retail regulator said Friday it has evidence that an underwear maker and three department stores colluded to inflate the price of a popular sports bra.

The Office of Fair Trading said it is investigating whether DB Apparel U.K. entered into anti-competitive agreements with retailers John Lewis, Debenhams and House of Fraser between 2008 and 2011 over the Shock Absorber bra.

The investigation involves three of Britain's most-established retailers.

The regulator said its provisional view was that the manufacturer and the stores agreed on retail prices, in a "serious infringement of competition law."

The office's senior director of services, Ann Pope, said the agency would hear from the companies before making a final ruling.

The companies dispute the claims and say they are cooperating with investigators.

The Shock Absorber was once advertised by tennis player Anna Kournikova under the slogan: "Only the balls should bounce."
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