Greece: Competition Commission fines US & French cosmetics firms for “distorting competition”

6 October 2017
1108 Views

Greece’s state Competition Commission has fined six big cosmetics firms, including Christian Dior, L’Oreal and Estee Lauder a sum of 19 million Euros for “distorting competition”.

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

According to AFP, 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 million Euros and 1,8 million Euros, respectively.

One of the fined companies said in a statement that it will seek the legal way.

You may be interested

Over A Billion Were Unwilling To Get Vaccinated In 2020 – What about the Greeks (infographic)
GREECE
shares7 views
GREECE
shares7 views

Over A Billion Were Unwilling To Get Vaccinated In 2020 – What about the Greeks (infographic)

Panos - May 06, 2021

Gallup recently published a poll showing that the share of people around the world willing to get vaccinated against Covid-19…

The Real Star Wars Universe – The countries the global franchise was shot in (infographic)
WORLD
shares15 views
WORLD
shares15 views

The Real Star Wars Universe – The countries the global franchise was shot in (infographic)

Panos - May 06, 2021

May the fourth was a good day for fans of the Star Wars franchise and wordplay so, being both of…

1,200-Year-Old Children’s Hand Prints Found in Mexican Cave
WORLD
shares17 views
WORLD
shares17 views

1,200-Year-Old Children’s Hand Prints Found in Mexican Cave

Panos - May 06, 2021

Reuters reports that 137 handprints have been found on the walls of a subterranean cave on the northern tip of Mexico’s…

Leave a Comment

Your email address will not be published.