The Office of Fair Trading in London is investigating allegations that Oakley and House of Fraser, the British department store chain, engaged in price fixing. The allegations have been vehemently denied by Oakley, which indicates that the anti-trust authority's investigation may be based on a misunderstanding of the arrangements between the two companies. Oakley and House of Fraser have been given 10 weeks to present oral and written reports to the OFT before it makes its final decision. The OFT has the power to fine companies up to 10 percent of their total turnover.