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Spain eight out of 50 million euros the company ticket
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just harvested a lot of money growth performance in 2010 soon, cosmetics giants in Europe again accused of price manipulation, and sentenced to high fines.
Spanish government anti-monopoly agency National Competition Commission on March 3 reported that the French company L'Oreal, Procter & Gamble, Henkel Group, Germany 8 cosmetics manufacturers to manipulate the price of monopoly, they will be punished a total of 50 million euros (about 69.8 million U.S. dollars) fine.
the survey report, which 8 companies in 1989 to 2008 in the Spanish market hair products sold common pricing practice and hinder competition in the European market and damage the interests of consumers. Companies involved in the Spanish branch of the Spanish occupied areas of shampoo and hair care 70% market share, the report said these businesses will meet 2 times a year senior to finalize the price of cosmetics and similar development of other corporate strategies.
In fact, this is not the first time,mac makeup, these cosmetics giants have been similar charges in Europe. As early as 2006, the French Competition Commission, including Chanel,vibram 5 fingers, Dior, Estee Lauder,blackhawks jerseys, L'Oreal, Shiseido, Hermes, etc., 13 cosmetics,mac brushes, perfumes, luxury goods manufacturers and sales companies made a total of 46.2 million euros of the fine judgments. At that time the French Competition Commission that the manufacturers had used a series of tough to raise prices, while sales of famous perfume and cosmetics retailer mandatory ban in order to maintain the price discount, and through distributors refused to do so for other retail businesses pressure.
accused the Spanish government in this case, L'Oreal subsidiary companies fined the maximum amount of Spanish, reaching 23.2 million euros (3239 million), Procter & Gamble subsidiary fined 12 million euros, Spain ($ 16,750,000). P & G spokesman Paul Fox told the media: >
According to the European Some experts doubt that the anti-monopoly cases, P & G is so huge amounts of money set aside for dealing with potential fines, people suspect that this giant on the extent to which participation of the industry
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