Argos To Pay Out £570K Over Warranties, Watchdog Says
Law360, London (March 29, 2021, 12:55 PM BST) -- British catalog retailer Argos Ltd. will give out £570,000 (£788,000) in electronic gift cards to customers as a goodwill gesture after the company broke a promise to direct people to potentially better deals for extended warranties, Britain's antitrust regulator said.
The gesture, announced on Friday, comes after routine monitoring by the Competition and Markets Authority found that Argos had breached a 2012 undertaking to provide shoppers with a link to a price comparison website every time it offered an extended warranty for domestic electrical products online.
Providing a link would have given shoppers the opportunity to compare the price of extended warranties,...
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