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August 6, 2008
By: TOM BRANNA
Editor
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 a...
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