Competition
and Markets Authority opens new investigation into anticompetitive practices in
supply of fragrances
The Competition
and Markets Authority (CMA) has opened an investigation into suspected violations
of the Chapter I prohibition of the Competition Act 1998 by suppliers of fragrances
and fragrances ingredients.
The CMA has
also been in contact with other antitrust authorities around the world
including the Antitrust Division of the US Department of Justice, the European
Commission and the Swiss Competition Commission in the same case. The probe has been launched in consultation
with those authorities.
The European
Commission announced its probe into the same matters at the same time as the CMA.
The CMA will be
progressing its investigation including information gathering until early 2024.
The
investigation is an example of the increasing trends of cross-border
cooperation of authorities in competition and regulatory probes, many of which
have local dimensions as well as impacts on global supply chains.
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