Industry News

IFF Settles European Commission Inquiry

Pays €15.9 million to settle a charge related to the EC’s anti-trust investigation.

IFF has agreed to pay the European Commission a €15.9 million fine to settle a charge relating to the destruction of evidence during the Commission’s investigation of suspected anti-competitive conduct in the supply of fragrance and fragrance ingredients.   In a statement released by the Commission, a senior employee of IFF deliberately deleted WhatsApp messages exchanged with a competitor during an inspection. In March 2023, the Commission carried out unannounced inspections at Firmenich,...

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