CCI rejects market abuse complaint against Adidas, Reebok

Available facts show no abuse of dominant market position by Adidas, says CCI

PTI
First Published13 May 2014, 11:28 PM IST
The complaint was filed by Om Datt Sharma, the managing partner of Kalpataru Enterprises, alleging that Adidas AG, Reebok International Ltd and Reebok India Company, as a group, abused its dominant position in the relevant market of sale of premium sports goods in Noida. Photo: Pradeep Gaur/Mint<br />
The complaint was filed by Om Datt Sharma, the managing partner of Kalpataru Enterprises, alleging that Adidas AG, Reebok International Ltd and Reebok India Company, as a group, abused its dominant position in the relevant market of sale of premium sports goods in Noida. Photo: Pradeep Gaur/Mint

New Delhi: Fair trade regulator Competition Commission of India (CCI) on Tuesday rejected allegations that German firms Adidas AG and Reebok India abused their dominant position with respect to sale of premium sports goods.

The complaint was filed by Om Datt Sharma, the managing partner of Kalpataru Enterprises, alleging that Adidas AG, Reebok International Ltd and Reebok India Company, as a group, abused its dominant position in the relevant market of sale of premium sports goods in Noida.

Reebok is part of Adidas AG. “... even though Adidas AG Group appears to be a dominant group in the relevant market...the facts available on record show no violation of provisions of Section 4 of the Act in the present matter,” the Commission said in a order.

Section 4 relates to abuse of dominant position of the Competition Act. The complainant was a franchisee of Reebok India Co.

The CCI keeps a check on unfair trade practices at market place.

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.MoreLess
First Published:13 May 2014, 11:28 PM IST
HomecompaniesCCI rejects market abuse complaint against Adidas, Reebok

Most Active Stocks

Bharat Electronics

324.00
03:59 PM | 5 JUL 2024
6.65 (2.1%)

Oil & Natural Gas Corporation

288.20
03:59 PM | 5 JUL 2024
11.15 (4.02%)

Tata Steel

174.75
03:58 PM | 5 JUL 2024
-1.5 (-0.85%)

HDFC Bank

1,648.10
03:55 PM | 5 JUL 2024
-78.5 (-4.55%)
More Active Stocks

Market Snapshot

  • Top Gainers
  • Top Losers
  • 52 Week High

Raymond

3,226.70
03:55 PM | 5 JUL 2024
284.8 (9.68%)

B E M L

5,066.20
03:54 PM | 5 JUL 2024
412.35 (8.86%)

HBL Power Systems

569.80
03:59 PM | 5 JUL 2024
39.9 (7.53%)

The New India Assurance Company

273.75
03:56 PM | 5 JUL 2024
17.85 (6.98%)
More from Top Gainers

Recommended For You

    More Recommendations

    Gold Prices

    • 24K
    • 22K
    Bangalore
    74,020.00-73.00
    Chennai
    74,819.0072.00
    Delhi
    74,529.00-435.00
    Kolkata
    74,819.00-218.00

    Fuel Price

    • Petrol
    • Diesel
    Bangalore
    102.86/L0.00
    Chennai
    100.92/L0.17
    Kolkata
    104.95/L0.00
    New Delhi
    94.72/L0.00
    OPEN IN APP
    HomeMarketsCibilPremiumMint Shorts