+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

The UK is probing an alleged cartel of models

Aug 20, 2015, 16:21 IST

Cara Delevigne, Rihanna, Stella McCartney, Kate Bosworth and Reese Witherspoon attend the 'Charles James: Beyond Fashion' Costume Institute GalaAndrew H. Walker/Getty Images
Andrew H. Walker/Getty ImagesCara Delevigne, Rihanna, Stella McCartney, Kate Bosworth and Reese Witherspoon attend the 'Charles James: Beyond Fashion' Costume Institute Gala

UK's competition watchdog is investigating high-end model agencies to see whether they band together to fix high prices for the talent they manage.

Advertisement

So the days of Linda Evangelista's famous quote - "I don't get out of bed for less than $10,000" - might be coming to an end soon.

The Competition and Markets Authority can levy a fine of up to 10% of worldwide revenue, if they it finds the agencies have indeed been fixing the model market.

The Evening Standard reported plain clothes' officers raided the London premises of top agencies such as Storm Model Management and Premier Model Management.

Storm has models such as Kate Moss and Jourdan Dunn on their books while Premier has looked after Naomi Campbell and Cindy Crawford.

Advertisement

The CMA didn't comment beyond the terse statement on its website:

The CMA has opened an investigation into suspected anti-competitive arrangements in the UK modelling sector which may infringe Chapter I of the Competition Act 1998 and/or Article 101 of the Treaty on the Functioning of the European Union.

The investigation was opened in March and officials will decide in October whether to proceed with a case against the agencies.

NOW WATCH: You've been rolling your shirtsleeves wrong your entire life

Please enable Javascript to watch this video
You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article