Fridge supplier ITW Ltd, has been fined over £2 million by the CMA for restricting dealers from offering online discounts. The CMA found that ITW operated a minimum advertised price policy and threatened dealers with sanctions - including threatening to charge them higher cost prices for its products or stopping supply - if they advertised below that minimum price. The CMA found that this policy constituted resale price maintenance because, by restricting the price at which its goods were advertised online, it prevented dealers from deciding the resale price for those goods. The fine was reduced by 10% for ITW setting up a compliance programme and a further 20% to reflect savings due to ITW’s admission and co-operation with the CMA under a settlement agreement. Click here.