Breaking News

German Cartel Office Fines Cosmetic Firms

August 6, 2008

GERMANY: Germany’s Federal Cartel Office has fined nine cosmetics companies, including some of the biggest in the industry, approximately $15 million for sharing strategic information. The companies—which include Chanel, Clarins, Cosmopolitan Cosmetics Prestige (P&G Prestige Products), Coty Prestige Lancaster, Estée Lauder, L’Oréal, LVMH Parfums & Kosmetik, Shiseido and YSL Beauté—were found to have systematically exchanged information since at least 1995 on products, prices, results and advertising campaigns. According to published reports, individual fines ranging from €250,000 to €2.1 million are to be imposed on the German units of the companies as well as 13 present or former managers of these companies.
blog comments powered by Disqus
  • Start Stuffing The Ballot Box (Again)!

    Start Stuffing The Ballot Box (Again)!

    June 28, 2016
    Vote on the finalists in Happi's reader's choice Anti-Aging Product of the Year contest!

  • What

    What's Next for the UK?

    Sarah Boumphrey, Euromonitor International||June 27, 2016
    Euromonitor weighs in on how Brexit could impact consumer product companies.

  • The Future of Innovation

    The Future of Innovation

    Nancy Jeffries, Contributing Editor||June 27, 2016
    Fashion Institute of Technology graduate students tackle a far-reaching topic for their Capstone project.

  • Take Notice

    Take Notice

    Melissa Meisel , Associate Editor||June 1, 2016
    Packaging trends revolve around trendy artwork, eco-conscious materials—and portability is a plus too!

  • Virtual Reality

    Virtual Reality

    Christine Esposito, Associate Editor||June 1, 2016
    An update on nature-identical ingredients for cosmetics and personal care products.

  • Shiseido Advances in the US

    Shiseido Advances in the US

    Tom Branna, Editorial Director||June 1, 2016
    New facility in Windsor, NJ demonstrates its dedication to the US and other markets outside Japan.