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wn.com - 9 hours ago

European Commission fines Gucci, Chloé and Loewe for price fixing

MILAN — The European Commission has fined luxury fashion houses Gucci, Chloé and Loewe a total of over 157 million euros for anti-competitive practices restricting independent retailers ability to set prices for their goods. European Commission fines Gucci, Chloé and Loewe for price fixing The commission said the companies fixing of resale prices, discovered in a 2023 investigation, breached the bloc s competition rules and harmed consumers. “The decision sends...


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