US guitar firm Fender illegally restricted discounts, says CMA

UK watchdog says minimum sale price made it difficult to find good deals online The UKs competition watchdog has accused the US guitar maker Fender of fixing prices illegally by restricting online discounts on its guitars. From 2013 to 2018, Fender Musical Instruments Europe impeded competitive online pricing by imposing a minimum sale price on vendors, the Competition and Markets Authority (CMA) such as Eric Clapton, U2s The Edge and Taylor Swift, and its basic Squier range is popular with beginners. The CMA has been investigating Fender since April 2018 and has already fined the company 25,000 for concealing notebooks at its European headquarters in East Grinstead. The watchdog Sign up to the daily Business Today email or follow Guardian …