Spain's Antitrust Watchdog Fines Perfume Group $1.2M
The Council of the National Competition Commission, or CNC, hit the National Perfumery and Cosmetics Association with the maximum fine of €901,518.16 for its professional aesthetic, mass market and selectivity committees, which exchanged detailed breakdowns of competitors' prices and products among members, the watchdog announced Monday.
The info-sharing violated the Spanish Competition Act, according to the CNC.
The CNC said the perfume association,...
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