The German Federal Cartel Office imposes multi-million fines on account of market information exchange (Luxury cosmetics products - "Schlossrunde")

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Reference

German Federal Cartel Office, Chanel, Clarins, Cosmopolitan Cosmetics Prestige, Coty Prestige Lancaster, Estée Lauder, L’Oréal, LVMH Parfums & Cosmetics, Shiseido and YSL Beauté, Press release, 10 July 2008

Background The German Competition Authority (Federal Cartel Office, "FCO") is currently investigating a couple of cases where market information exchange practices between competitors and non-competitors are allegedly infringing competition law. With the case at hand the FCO has found its first decision where only the operation of an information exchange without any further agreement or concerted practice has been used as a basis for imposing multi-million Euro fines. The facts Since at

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  • Mutze Korsch Rechtsanwaltsgesellschaft (Düsseldorf)
    Germany 6 contributions 13845 visits

Quotation

Kerstin Pallinger, The German Federal Cartel Office imposes multi-million fines on account of market information exchange (Luxury cosmetics products - "Schlossrunde"), 10 July 2008, e-Competitions July 2008, Art. N° 21256

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