Greece: Competition Commission fines US & French cosmetics firms for “distorting competition”
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
Merkel: I hope we take final step with Greek programme on Thursdaymakis - Jun 19, 2018
German Chancellor, Angela Merkel expressed hope that the Eurogroup meeting on Thursday would be the last step for the Greek…
Mykonos! The island where some bread slices cost 28 euros!makis - Jun 19, 2018
A Spanish bakery claims to sell the world’s most expensive bread in the world at €106 a loaf. OK, that…
U.S Embassy in Athens strongly condemns furlough to terrorist Koufontinasmakis - Jun 19, 2018
The U.S Embassy in Athens issued a press release condemning the granting of a 48-hour furlough to November 17th convicted…