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Ruling impacts Chanel, Clarins and others.
July 11, 2008
By: TOM BRANNA
Editor
The German antitrust watchdog said Thursday that it would fine a number of cosmetics and perfume companies for collusion and price-fixing. The Federal Cartel Office said it would impose fines totaling $15.7 million against companies including the German subsidiaries of Chanel, Clarins, Coty Prestige Lancaster, Estée Lauder, L’Oréal, LVMH Perfumes and cosmetics, Shiseido and YSL Beauté. The agency said in a statement that it had found the companies shared a variety of information with eac...
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