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November 29, 2012
05:18 EDTLVBSteinway statement on antitrust investigation in Switzerland
Steinway & Sons, a subsidiary of Steinway Musical Instruments, announced that it has been informed by the Antitrust Commission of the Swiss Confederation, or WEKO, that WEKO has initiated an investigation into Swiss dealers of Steinway & Sons and into Steinway & Sons Hamburg due to alleged violations of unfair competitive behavior in the distribution of grand and upright pianos. Steinway & Sons has so far no concrete information which competitive behavior is the subject of the investigation and is not aware of having violated Swiss Antitrust Law. Steinway & Sons will cooperate with the Swiss authorities to help clarify the facts as soon as possible.
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