Hong Kong: Complaint on Retailer’s Alleged Breach of Competition Law
Local press reports that a major Hong Kong retail chain has urged local suppliers to agree that any product price increase requests must be submitted 12 weeks in advance with detailed cost breakdown justifications. While suppliers have lodged a complaint on the retailer’s possible breach of competition law, academia specialized in this area said available information does not suggest any violation. The move, nevertheless, will allow the retailer to obtain sensitive commercial data, which is to its benefit, because the retailer also buys direct from overseas suppliers through consolidators and carries its own branded products. The information requested from suppliers is conducive to the pricing of the retailer’s own products.
Hong Kong: Complaint on Retailer’s Alleged Breach of Competition Law