12.18.14
Leading global household and personal care brands such as Procter & Gamble, L'Oreal and Unilever were among 11 companies fined a total of 951.2 million euros ($1.17 billion) in France, according to a report in Bloomberg. The French antitrust regulator slammed the companies with fines over allegations of a conspiracy to rig prices of products.
Cases were separate involving household and personal care categories. According to the report, L'Oreal will have to pay 189.5 million euros, the largest fine, while Unilever received a 172.5 million-euro penalty. The combined 606 million euro fine in the personal care industry is the highest penalty handed down by France's antitrust arm, said the report.
Reckitt Benckiser Group Plc was fined 121 million euros, Henkel AG 109.2 million euros, Procter & Gamble Co. 78.9 million euros, Beiersdorf AG 72.1 million euros, Colgate-Palmolive Co. 46.7 million euros, and SCA Tissue France SAS 45 million euros, to name a few.
Products named in the allegations ranged from shampoo to toothpaste, with leading brands such as Head & Shoulders and Sanex.
Cases were separate involving household and personal care categories. According to the report, L'Oreal will have to pay 189.5 million euros, the largest fine, while Unilever received a 172.5 million-euro penalty. The combined 606 million euro fine in the personal care industry is the highest penalty handed down by France's antitrust arm, said the report.
Reckitt Benckiser Group Plc was fined 121 million euros, Henkel AG 109.2 million euros, Procter & Gamble Co. 78.9 million euros, Beiersdorf AG 72.1 million euros, Colgate-Palmolive Co. 46.7 million euros, and SCA Tissue France SAS 45 million euros, to name a few.
Products named in the allegations ranged from shampoo to toothpaste, with leading brands such as Head & Shoulders and Sanex.