Home / Knowledge / News / OFT officers visit JJB Sports
OFT officers visit JJB Sports
11
Sep '09
JJB Sports PLC confirms that it is assisting the Office of Fair Trading (OFT) in an investigation it is carrying out in the sports retail market. OFT officers visited its offices in Wigan earlier.

The investigation follows an approach that JJB made to the OFT on 30 January 2009 for immunity pursuant to the OFT's leniency programme in relation to a suspected agreement or concerted practice to dampen competition in the sports retail market in the period from 8 June 2007 to 25 March 2009, being the period in which the former chief executive, Mr Christopher Ronnie, was employed by the Company. The directors take seriously JJB's
obligations under UK competition law and, since approaching the OFT, the Company has worked closely, and continues to cooperate fully, with the OFT and all aspects of its investigation.

The OFT considers that it is in the interest of the economy of the United Kingdom to have a policy of granting lenient treatment to companies which inform it of cartel activities. The grant of a marker by the OFT is part of the process in applying for, and being granted, leniency. On 24 August 2009, the OFT confirmed the grant of a marker for "Type A" immunity to JJB in respect of the suspected cartel activity in the period from 8 June 2007 to 25 March 2009.

The OFT will only be in a position to decide whether or not to issue an infringement decision in the event that it has sufficient evidence to complete its investigation.This process may take up to a number of years. However, if the OFT were to complete its investigation, decide that JJB has infringed UK competition law and issue an infringement decision, the grant of the marker in favour of JJB means that it would receive full immunity from any financial penalty that would otherwise be imposed by the OFT.

The grant of the marker and the availability of immunity is subject to JJB complying with the OFT's standard immunity conditions, including continuous and complete cooperation with the OFT, a requirement to refrain from further participation in the suspected cartel and a duty not to act in bad faith. The OFT has confirmed that it is satisfied that JJB is complying with these conditions. In addition, in order for JJB to retain the marker it is also necessary that the strength of the evidence provided by JJB to the OFT is not materially undermined by any statements given by implicated current or former employees or officers such that there is no sufficient basis for the OFT to take forward a credible investigation.

In the event that the marker, or any subsequent immunity agreement, is withdrawn as a result of JJB's non compliance with the conditions or as a result of JJB's evidence being materially undermined as described above, and an infringement decision is issued by the OFT, JJB may be liable for a fine from the OFT of up to a maximum amount of 10% of the Group's turnover.


Must ReadView All

Apparel/Garments | On 23rd Sep 2017

AAFA urges negotiators to preserve TPLs in NAFTA

The American Apparel & Footwear Association (AAFA), an alliance of...

Textiles | On 23rd Sep 2017

SIMA urges Centre to re-look duty drawback rates

he Southern India Mills’ Association (SIMA) has appealed to the...

Textiles | On 23rd Sep 2017

PKR 690.65-mn budget for Pakistan Cotton Committee

The Pakistan Central Cotton Committee (PCCC) recently approved a PKR...

Interviews View All

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

September 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search