On Tuesday 24 July, the European Commission decide to fine a number of consumer electronics manufacturers €111 million, namely Asus, Denon & Marantz, Philips and Pioneer for imposing fixed or minimum prices on their online retailers in violation of EU competition law.
‘More than half of Europeans shop online. As a result of the actions taken by the four companies. Many Europeans faced higher prices […]. This is illegal under the EU antitrust rules,’ explained European...