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.
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)
Access to this article is restricted to subscribers
Already Subscribed? Sign-in
Access to this article is restricted to subscribers.
Read one article for free
Sign-up to read this article for free and discover our services.