We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Spain Hits Hair Care Cos. With $71M Cartel Fine

Law360 (March 4, 2011, 2:02 PM EST) -- Spain's competition watchdog said Thursday that it slapped seven hair care products companies and a perfume and cosmetic trade association with more than €51 million ($71 million) in fines for allegedly running a price-fixing cartel that spanned nearly two decades.

The Spanish division of Henkel AG & Co. KGaA tipped off the Council of the National Competition Commission to the anti-competitive scheme, the regulator said, by filing a leniency program application in which it copped to the existence of the cartel and fingered its eight fellow...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.