Welcome Guest to Happi

Subscribe Free: Magazine | eNewsletter

current issue September 2014
 •  Fashion Week: News You Need to Know  •  The Latest Launch from Lipo  •  Birchbox Partners With AmEx on 'Online's Day Off'  •  Innospec Adds On to Surfactants  •  Bed, Bath & Beyond Picks Up Whip-it Cleaner
Print

German Cartel Office Fines Cosmetic Firms



Published August 6, 2008
Related Searches: strategic form lauder coty
Post a comment
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