The Dutch Competition Authority fines an electronics manufacturer for illegal price fixing agreements involving television sets (LG)

ACM fines LG for illegal price-fixing agreements involving television sets* The Netherlands Authority for Consumers and Markets (ACM) imposes a fine of almost 8 million euros on LG Electronics Benelux Sales (LG). From 2015 through 2018, LG concluded illegal price-fixing agreements with seven large retailers on the online retail prices of television sets. Martijn Snoep, Chairman of the Board of ACM, explains: “Under the pretense of ‘price recommendations’, LG coordinated price increases of retailers to the recommended price that LG provided. LG’s practices disrupted competition between the retailers, and that resulted in higher prices for consumers.” Every retailer must set