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

 |  June 27, 2012

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


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