Greggs PLC is the largest bakery chain in the United Kingdom. The first Greggs was opened in 1951. Growing regionally from its base in Newcastle, Greggs began to acquire other regional bakery chains across the rest of the country from the 1970s onwards. By the 1990s, it was the largest bakery chain in the country and by 2017, the chain had 1,764 outlets, including 143 franchised outlets.
Greggs and further potential claimants were in negotiation with RHA – British Road Haulage Association – about joining the damages action in front of the Competition Appeal Tribunal (CAT) against the Truck Cartel. The suit followed the settlement decision of the European Commission in July 2016, fining the main truck producers – Volvo/Renault, Daimler, Iveco, and DAF a total of EUR 2.92 billion for manipulating the prices of medium and heavy trucks through 14 years, between 1997 and 2011. MAN – who was not fined – has been also found guilty as a member of the Cartel due to blowing the whistle. The proceedings against the last Cartel member – Swedish truck maker, Scania – is still ongoing because Scania has not settled the case yet with the European Commission.
According to our previous article, RHA to be appointed as class representative on behalf of truck operators must be agreed by all. This includes examining the details of the funding arrangements and to be assured that RHA would act in the best interest of truck operators.