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
