But if you have 2 companies with different company registration numbers agreeing their prices is it legal?Price Fixing - Is it legal when both companies are owned by the same parent company?
If my understanding is correct price fixing is the act of two competitors raising a price in conjunction with each other so that both can make more money and avoid pesky things like the consumer making a choice on where to shop based on goods costing less. In those cases that is considered unlawful because it undermines the principles of our economy.
When two separate stores owned by the same parent company price gouge that's not competition between two separate entities, that's just the price.Price Fixing - Is it legal when both companies are owned by the same parent company?
That is what the free market is about. I noticed sometimes the government steps in like when UPS goes on strike.
Price fixing is illegal whoever owns the company!
ok this is really complicated law that anyone but a seasoned lawyer would have difficult fully understanding.
There is a big difference between vertical price fixing and horizontal price fixing.
However it is always legal for a parent-sub to determine prices together. so the answer to your main question is yes it is legal.
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