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« Ethical » rating of Cheese Company
, group
and subsidiaries
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Fraud 1
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ShareholdersBusiness & marketSubsidiariesLocations & production
year | financial misdemeanor | | | | | source |
| 2007 |
Ten supermarket and dairy firms agreed to fix the price of milk, butter and some cheeses in the United Kingdom during 2002 and 2003. The cartel earned £270m extra from shoppers as they charged 3 pence extra for a pint of milk, 15p extra per quarter-pound of butter and 15p per half-pound of cheese. They'll pay a £116m fine to the Office of Fair Trading (OFT). Sainsbury's and Asda have admitted price-fixing of milk and cheese, as has Safeway - before it was bought by Morrisons. Cases against Tesco and Morrisons will continue after no deal was struck. Safeway has also admitted colluding on the price of butter. Dairy processors Dairy Crest, the Cheese Company and Wiseman also reached agreement. Another dairy firm, Arla, has been given immunity from fines if it continues to co-operate with the investigation. But Tesco, Morrisons and the dairy firm Lactalis McLelland are challenging the OFT findings. |
| | | | | | BBC News |
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| year | financial misdemeanor | sales | income | assets | buyback | source |
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