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
Judge Mehta Questions Both Sides in Landmark Google Antitrust Case
May 2, 2024 by
CPI
FCC Urges Urgent Funding for Removal of Chinese Telecom Equipment from U.S. Networks
May 2, 2024 by
CPI
Former Pioneer CEO Facing Potential Criminal Charges For Colluding With OPEC
May 2, 2024 by
CPI
South Korea’s Antitrust Regulator Greenlights K-Pop Powerhouse Deal
May 2, 2024 by
CPI
Exxon’s Pioneer Purchase Approved, Former CEO Barred from Board
May 2, 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