Wednesday, March 16, 2011

Eight giant Procter & Gamble and other manipulation of prices in Spain have been subject to heavy penalties - Industry History - gold online

    Just harvested a lot of money growth performance in 2010 soon, cosmetics giants in Europe again accused of price manipulation, and sentenced to high fines. Spanish government anti-monopoly agency the National Competition Commission on March 3 reported that the French company L'Oreal, Procter & Gamble, Henkel Group, Germany 8 cosmetics manufacturers to manipulate the price of monopoly, they will impose a total of 50 million euros (69.8 million U.S. dollars) fine.

    those interests. Companies involved in the Spanish branch of the Spanish occupied areas of shampoo and hair care 70% market share,blackhawks jerseys, the report said these businesses will meet 2 times a year senior to finalize the price of cosmetics and similar development of other corporate strategies.

    School of Economics, Fudan University, China Center for Economic Research Professor Chen Zhao told reporters, such as punishment for Microsoft's monopolistic behavior in the EU, the European Union that year to Microsoft courses up to 497 million euros in fines.

    In fact, this is not the first time, these cosmetics giants have been similar charges in Europe. As early as 2006,vibram 5 fingers, the French Competition Commission, including Chanel, Dior, Estee Lauder, L'Oreal, Shiseido,mac brushes, Hermes, etc., 13 cosmetics, perfumes, luxury goods manufacturers and sales companies made a total of 46.2 million euros of the fine judgments. At that time the French Competition Commission that the manufacturers had used a series of tough to raise prices, while sales of famous perfume and cosmetics retailer mandatory ban in order to maintain the price discount, and through distributors refused to do so for other retail businesses pressure.

    accused the Spanish government in this case, L'Oreal subsidiary companies fined the maximum amount of Spanish, reaching 23.2 million euros (3239 million),mac makeup, Procter & Gamble subsidiary fined 12 million euros, Spain ($ 16,750,000 .) P & G spokesman Paul Fox told the media:
    According to the European Some experts doubt that the anti-monopoly cases, P & G is so huge amounts of money set aside for dealing with potential fines, people suspect that this giant on the extent to which participation of the industry