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ARTICLE · 22 JULY 2010

Competition Switzerland - Q2 2010

The Secretariat of the Federal Competition Commission calls for fines of up to CHF 25.5 million against companies in the perfume and cosmetics sector for alleged cartel activities.

SwitzerlandAntitrust/Competition Law

Investigations

The Secretariat of the Federal Competition Commission calls for fines of up to CHF 25.5 million against companies in the perfume and cosmetics sector for alleged cartel activities.

The Secretariat of the Federal Competition Commission ("FCC") opened an investigation against the Association of Manufacturers, Importers and Suppliers of Cosmetic and Perfumery products (ASCOPA) and its individual members on December 1, 2008. The investigation was launched after a whistle blower had transmitted information to the Secretariat. The following companies, among others, are members of ASCOPA: Chanel Genève SA, Clarins SA, Coty (Schweiz) AG, Estée Lauder GmbH, L'Oréal Produits de Luxe SA, Parfums Christian Dior AG and YSL Beauté.

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