Fragrance firms face coordinated cartel investigation | Business

Fragrance firms face coordinated cartel investigation |  Business

On March 7, the world’s 4 largest taste and aroma corporations have been raided as a part of the investigation carried out by the competitors authorities. United KingdomWE, EU And Switzerland. Swiss corporations Givaudan and Firmenich; semris of Germany; and US Worldwide Flavors and Fragrances, which collectively management about 60% of the market, are being investigated on suspicion of anti-competitive habits.

This Swiss Competition Commission ‘There are suspicions that these undertakings are coordinating pricing insurance policies, prohibiting opponents from supplying sure clients and limiting the manufacturing of sure fragrances.’ Whereas all 4 corporations said that they cooperated within the investigation, the authorities emphasised that ‘no assumptions ought to be made about whether or not competitors legislation has been violated’ till the investigation reaches a conclusion.

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