Spain's Antitrust Watchdog Fines Perfume Group $1.2M

Law360, New York (February 22, 2011, 5:58 PM EST) -- Spanish regulators have fined a perfume industry group more than €900,000 ($1.2 million) for providing members with information on their competitors' business strategies.

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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