The Italian Competition Authority fines a number of large retailers for cosmetic and health care products (Cartel of large retailers for cosmetic and health care products)

Italy's competition authority (“ICA”) has fined 15 companies, including units of Sara Lee Corp., L'Oreal and Johnson & Johnson, more than € 81 M ($ 107 M) for an alleged long-running scheme to coordinate list prices sent to large retailers for cosmetic and health care products. The highest fine, nearly € 27 M, went to L'Oreal Italia Spa for its alleged role as one of the leaders in coordinating and maintaining collusion on the list prices for seven years, the ICA said. The watchdog named Unilever Italia Holdings Srl as another of the leaders, and fined the company € 18.8 M.

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Cristina Poncibò, The Italian Competition Authority fines a number of large retailers for cosmetic and health care products (Cartel of large retailers for cosmetic and health care products), 15 December 2010, e-Competitions Bulletin Vertical restrictions, Art. N° 33574

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