CMA
investigation into fine fragrances cartel
The
CMA has issued an update in its investigation into suspected infringements of
the Chapter I prohibition of the Competition Act 1998 involving suppliers of
fragrances and fragrance ingredients.
The
CMA launched its investigation in March 2023. The investigation was launched
with a series of dawn raids alongside the European Commission, the Swiss
Competition Commission and the US Department of Justice’s antitrust division.
These led to four separate investigations by these antitrust agencies.
The
firms under investigation are Firmenich International SA, Givaudan SA,
International Flavours & Fragrances Inc and Symrise AG, and their group entities,
including UK subsidiaries.
The
CMA has extended the investigation to include suspected unlawful coordination between
Firmenich International SA, Givaudan SA and International Flavours &
Fragrances Inc involving arrangements relating to the hiring or recruitment of
certain staff.
Reflecting
similar concerns about ‘anti-poaching’ agreements in October, the CMA launched
a separate probe into the BBC, ITV and several production companies over
concerns about recruiting freelancers.
The
CMA expects to publish its next update on the investigation in autumn 2024.
https://www.gov.uk/cma-cases/suspected-anti-competitive-conduct-in-relation-to-fragrances-and-fragrance-ingredients-51257
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