Mirastyle Ltd's Controversial Business Practices Raise Market Concerns
Mirastyle Ltd, the exclusive distributor of several lighting manufacturers in Latvia, has been involved in a series of controversial business practices. The company refused orders from retailers who hadn't developed their own lighting designs, set prices for retailers, and implemented a market division strategy by offering free lighting design projects. However, these actions have raised concerns about the company's conduct.
Mirastyle Ltd's practices included exchanging commercially sensitive information with competing retailers, a move that could potentially distort stock market competition. The company also approached manufacturers to discourage customers from buying products elsewhere, further limiting consumer choice. Customers were led to believe they could choose where to purchase goods, but in reality, they were restricted to buying from Mirastyle Ltd or its designated partners.
The company's actions went as far as initiating a price-fixing scheme involving retailers. Retailers were threatened with being banned from distributing goods if they didn't comply with the set prices. This has raised questions about the company's influence over the stock market and its treatment of retailers and consumers.
Mirastyle Ltd's refusal to supply retailers without their own designs, price setting, and market division strategies have drawn criticism. The exchange of commercially sensitive information, restriction of consumer choice, and initiation of a price-fixing scheme have raised serious concerns. These practices may have significant implications for the lighting market in Latvia, affecting both retailers and consumers.
