Brief: Australia's ACCC Says Techtronic In Court For Alleged Resale Price Maintenance Over Power Tools

Techtronic Industries Co

25/11/2021 04:12

Nov 25 (Reuters) - Techtronic Industries Co Ltd  0669.HK :
    * TECHTRONIC IN COURT FOR ALLEGED RESALE PRICE MAINTENANCE
OVER
POWER TOOLS
    * INSTITUTED FEDERAL COURT PROCEEDINGS AGAINST TECHTRONIC
INDUSTRIES AUSTRALIA, ALLEGING IT ENGAGED IN RESALE PRICE
MAINTENANCE
    * ALLEGES THAT, BETWEEN 2015 AND 2021, TECHTRONIC ENGAGED IN
RESALE PRICE MAINTENANCE CONDUCT
    * ALLEGED TECHTRONIC WITHHELD SUPPLY FROM 2 DEALERS TO
ENFORCE
RESTRICTIONS ON PRICE DISCOUNTING BELOW SPECIFIED MINIMUM PRICE
    * ALLEGES TECHTRONIC ENFORCED AGREEMENTS BY ISSUING
WARNINGS,
AMONG OTHERS TO DEALERS SELLING MILWAUKEE PRODUCTS BELOW
SPECIFIED MINIMUM PRICE

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