The European General Court has rejected Coats Holdings Plc and YKK Corp.’s appeals of their price-fixing fines. Coats is the world’s leading manufacturer of industrial thread, and YKK is the world’s leading manufacturer of zippers. The European Commission had fined YKK 150 million euros and Coats 110 million euros in 2007 for agreements on price increases, fixed minimum prices, customer and market allocation, and sharing commercial information for zips, snaps, rivets and attaching machines.
Full content: Bloomberg Businessweek
Related content: Best Practices in Article 101 and 102 Proceedings: Some Suggestions for Improved Transparency
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
T-Mobile Faces Class-Action Lawsuit Over Sprint Merger After Appeal Denied
May 16, 2024 by
CPI
Google Faces Backlash Over Introduction of AI-Generated Summaries in Searches
May 16, 2024 by
CPI
CMA Launches Phase 2 Probe into AlphaTheta’s Acquisition of Serato
May 16, 2024 by
CPI
NFL Executive Escapes Testifying in High-Stakes Trial Over Televised Games
May 16, 2024 by
CPI
EU Consumers Lodge Complaint Against Chinese Retailer Temu Over Content Rules Breach
May 16, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Ecosystems
May 9, 2024 by
CPI
Mapping Antitrust onto Digital Ecosystems
May 9, 2024 by
CPI
Ecosystems and Competition Law: A Law and Political Economy Approach
May 9, 2024 by
CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI