Swiss Seek To Fine Dior, Others $22M For Price-Fixing

Law360, New York (May 28, 2010, 4:28 PM EDT) -- Switzerland's antitrust authority on Friday called for price-fixing fines of up to 25.5 million Swiss francs ($22 million) against several perfume companies, including units of Christian Dior AG, L'Oreal SA and Chanel SA.

The Swiss Competition Commission issued a preliminary decision finding that the cosmetics makers, all members of the Association of Manufacturers, Importers and Suppliers of the Cosmetics and Perfume Industry, have violated Switzerland's cartel law by exchanging sensitive business information in order to standardize their prices and consolidate their market shares.

The information that...
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