EU Imposes €157 Million in Fines on Gucci, Chloé, and Loewe for Antitrust Violations
The European Union announced on Tuesday, October 14, that it had fined luxury fashion houses Gucci, Chloé, and Loewe a combined total of more than €157 million for breaching competition laws. According to a statement from the European Commission, the penalties follow surprise inspections in April 2023 and a subsequent formal antitrust investigation launched in July 2024.
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