The fine is the largest ever imposed by the U.K.'s Competition and Markets Authority for price fixing, or what it terms as "resale price maintenance."
During the course of its investigation, the CMA found that Fender Europe employees deliberately tried to cover up their actions by recording as little as possible in writing. Like Casio, Fender co-operated with the CMA's investigation in return for a reduced fine. The maximum fine the CMA could have imposed on Fender was 10% of global sales.
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