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07/12/2012
Aldi Reach Settlement Agreement With Tesco
Rival supermarkets Aldi and Tesco have reached a settlement after the German chain sued Tesco over inaccurate price comparisons.
The Commercial Court and Mr Justice Peter Kelly was told that Tesco agreed to pay a settlement of €150,000 in damages and to a number of undertakings regarding in-store price comparisons.
Aldi had alleged that Tesco infringed its trademarks in an in-store campaign that involved inaccurate and unfair comparisons between products sold by the two supermarket chains.
The discount retailer alleged that Tesco had failed to compare like with like, had not stated the correct sale price of relevant Aldi products and had failed to compare the relevant quantities.
Aldi says it will forward the €150,000 settlement to the St Vincent de Paul charity.
(H)
The Commercial Court and Mr Justice Peter Kelly was told that Tesco agreed to pay a settlement of €150,000 in damages and to a number of undertakings regarding in-store price comparisons.
Aldi had alleged that Tesco infringed its trademarks in an in-store campaign that involved inaccurate and unfair comparisons between products sold by the two supermarket chains.
The discount retailer alleged that Tesco had failed to compare like with like, had not stated the correct sale price of relevant Aldi products and had failed to compare the relevant quantities.
Aldi says it will forward the €150,000 settlement to the St Vincent de Paul charity.
(H)
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