US EditionWhirlpool, LG, others fined €611 million for price fixing in France
8 Articles
8 Articles
Boulanger, Darty, Electrolux, LG, SEB and Whirlpool are among the 12 companies sanctioned by the Competition Authority.
Electrolux, Whirlpool, LG, SEB, Smeg, Smeg but also Boulanger and the Fnac-Darty group will have to pay out
The Competition Authority accuses them of agreeing to maintain high selling prices between 2007 and 2014. The amount of the fine concerning Fnac Darty amounts to 109 million euros.
Record fine for Darty, Boulanger and ten manufacturers - RetailDetail EU
The French competition authority has imposed a record fine of 611 million on twelve companies for price-fixing agreement. Ten are manufacturers of household appliances, the other two retail chains Darty and Boulanger. Thwarting the rise of e-commerce The ten manufacturers, including Electrolux, LG, Miele and Whirlpool, allegedly entered into vertical price-fixing agreements between 2007 and 2014. They ‘recommended’ prices to distributors and mo…
The French competition authority has fined 12 household appliance companies €611 million for illegal price fixing. For several years, these companies have implemented a whole system of surveillance (pressure, retaliation, etc.) of distributors forced to respect the prices dictated by manufacturers, to the detriment of consumers and newcomers to the sector.
In a decision rendered on December 19, 2024, the French competition authority fined some French manufacturers and distributors 611 million euros for a price agreement. [Read more] Want to join a community of enthusiasts? Our Discord welcomes you, it is a place of mutual support and passion around tech.
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