Horizontal concertation between wholesalers of luxury cosmetics & the ‘vertical manifestation’ (HCC 646/2017) In a decision in plenum dated April 6th 2017, issued almost eleven years after the termination of the alleged violation, the HCC resolved that five wholesalers of luxury cosmetics had, between January 2005 and September 2006, agreed to fix retail discounts in the outlets of retailer (and rival wholesaler) NOTOS which resulted in the indirect fixing of the wholesalers’ retail price range, in violation of Art. 101 TFEU and its Greek Competition Act equivalent. The fines imposed ranged from approximately € 1.8 million to € 5.4 million, depending on each company’s specific turnover. In particular, during the sales period of February 2006, NOTOS, an exclusive wholesale distributor
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The Hellenic Competition Authority decides that five wholesalers agreed to fix the retail price range in the luxury cosmetics sector (Notos)
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