Fines for price-fixing modelling agencies reduced
The Competition Appeal Board (CAB) has reduced the penalties for five modelling agencies following their appeals.
A total of 11 agencies, which accounted for about 40 per cent of the market share, were taken to task two years ago by the Competition Commission of Singapore (CCS) for price-fixing activities.
Their conduct ran against the Competition Act which prohibits companies from colluding on prices.
The companies said they wanted to fight for better terms for local models, but collectively raised rates for engaging models under the front of an association. This affected photographers, fashion brands and show choreographers, said the statutory board on Monday.