France’s antitrust body on Thursday fined several eyewear makers for imposing selling prices on opticians and preventing them from selling online.
The Autorite de la Concurrence said it had fined EssilorLuxottica 125.17 million euros ($147.60 million), LVMH 500,000 euros and Chanel 130,000 euros.
“These anti-competitive practices are serious”, the antitrust body said in its ruling. “In particular, they involved the implementation of surveillance and retaliation mechanisms,” it added.
EssilorLuxottica said it would appeal against the ruling, adding it always conducted its business according to the highest standards of compliance. LVMH had no immediate comment to make on the matter, while Chanel declined to comment.
Featured News
DOJ and FTC Introduce Website for Reporting Anti-Competitive Healthcare Practices
Apr 18, 2024 by
CPI
US Congress Advances Legislation to Compel TikTok Sale
Apr 18, 2024 by
CPI
UK Financial Sector Advocates Enhanced Regulatory Accountability
Apr 18, 2024 by
CPI
Google and All 50 States Defend $700 Million Consumer Settlement
Apr 18, 2024 by
CPI
Colorado Enacts First Law to Protect Consumer Brainwave Data
Apr 18, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI