3 luxury brands fined for anti-competitive pricing practices in EU
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3 luxury brands fined for anti-competitive pricing practices in EU

The European Commission has fined luxury fashion companies Gucci, Chloe and Loewe for fixing resale prices, in breach of European Union (EU) competition rules. The Commission’s investigation revealed that the three companies restricted the ability of independent third-party retailers they work with to set their own online and offline retail prices for products designed and...