PARIS – Thirteen prestige beauty brands and France’s three leading selective perfumery retailers have been fined a combined 46.2 million euros, or $55.1 million at current exchange, by the country’s competition watchdog for fixing retail prices between 1997 and 2000.
The fines were handed out to beauty brands owned by LVMH Moët Hennessy Louis Vuitton, L’Oréal and Chanel, and to retailers Marionnaud Parfumeries, Sephora and Nocibe.
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Thirteen Prestige Beauty Brands Fined
The fines were handed out to beauty brands owned by LVMH Moët Hennessy Louis Vuitton, L'Oréal and Chanel, and to retailers Marionnaud Parfumeries, Sephora and Nocibe.
