Skip to main content
Commerce

French, US cosmetics firms fined for price fixing in Greece

L'Oreal
L'Oreal DR

Greece's state competition watchdog has fined six prominent cosmetics firms, including Estee Lauder, L'Oreal and Christian Dior, some 19 million euros for distorting competition.

Advertising

The Hellenic Competition Commission said Wednesday it had found "anti-competitive agreements between wholesalers of luxury cosmetics" aimed at fixing retail prices.

Estee Lauder's Greek branch was fined 5.4 million euros, while the subsidiaries of L'Oreal and Christian Dior received fines of 2.6 and 1.8 million euros respectively.

There has been no immediate comment from the companies.

Daily news briefReceive essential international news every morning

Page not found

The content you requested does not exist or is not available anymore.