UK fines modelling agencies 1.5 million pounds for price-fixing

Britain has fined five modelling agencies and their trade association a total of 1.5 million pounds for colluding and in some cases fixing prices for jobs such as fashion magazine shoots and advertising campaigns. The Competition and Markets Authority (CMA) regulator said the agencies: FM Models, Models 1, Premier, Storm and Viva often talked with trade body the Association of Model Agents (AMA) about price negotiations with their clients “The parties regularly and systematically exchanged information and discussed prices in the context of negotiations with particular customers,” the CMA said in a statement on Friday.

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UK fines modelling agencies 1.5 million pounds for price-fixing

Britain to investigate modelling agencies for alleged price fixing

Britain has opened a full investigation into the country’s major modelling agencies to determine whether they fixed the prices they charge for their models, officials said on Friday. The Competition and Markets Authority (CMA) started an initial investigation in March into “anti-competitive arrangements”, such as whether agencies worked together to set the prices paid by retailers and brands. The competition watchdog has not named any of the agencies under investigation.

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Britain to investigate modelling agencies for alleged price fixing