By
Reuters
Revealed
November 28, 2024
The EU Fee on Thursday mentioned it had handed a complete superb of €5.7 million ($6 million) to French style home Pierre Cardin and German clothes maker Ahlers for breaching EU antitrust guidelines.
The fee mentioned the businesses between 2008 and 2011 had anticompetitive agreements to defend Ahlers from competitors in European nations the place it held a Pierre Cardin license.
The transfer by the European Fee, which acts because the EU competitors enforcer, adopted daybreak raids on Pierre Cardin in 2021 and expenses imposed towards the corporate final yr.
“These illegal practices prevent retailers from being able to freely source products in member states with lower prices and artificially partition the internal market,” the fee mentioned.
Pierre Cardin was fined for €2.2 million, whereas Ahlers has to pay €3.5 million.
The superb confirmed an earlier report by Reuters.
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