A PYMNTS Company

EGC rejects Coats and YKK appeals of fines for fixing haberdashery prices

By  |  June 27, 2012
EGC rejects Coats and YKK appeals of fines for fixing haberdashery prices

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.

    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.

    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.