AntitrustInvestigations Tag

PARIS – The European Commission is once more taking aim at the style sector with several investigations into anti-competitive practices. Antitrust regulators on Tuesday conducted unannounced inspections on a lot of undisclosed firms in several countries of the 27-member bloc to research business practices that could lead on to fragmentation in the one market. Price fixing, collusion and limiting production are among the many infractions being investigated, the EC said in a press release. “The Commission has concerns that the businesses concerned can have violated EU antitrust rules that prohibit cartels and restrictive business practices including certain horizontal and vertical restrictions,” it said. “Unannounced inspections are a preliminary investigative step into suspected anti-competitive practices,” it added. Investigators are on the lookout for evidence...