A PYMNTS Company

Belgium: Regulator sets €200 million fine for personal care cartel

By  |  June 22, 2015

Belgium’s competition authority found 18 companies guilty of fixing the prices of personal care products between 2002 and 2007, handing out fines of a total of 174 million euros.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The highest fines were given to French retailer Carrefour , of 36.4 million euros, Belgian peer Colruyt 31.6 million euros as well as consumer goods maker Procter & Gamble, of 29.1 million euros. Belgian retailer Delhaize was fined 24.9 million euros.

    The competition watchdog said the companies coordinated price increases for drugstore, perfumery and hygiene products between 2002 and 2007.

    Colgate-Palmolive was not fined because it alerted authorities to the cartel. All 17 other companies did receive fines.

    Full content: Reuters

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.