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Image header Agence Europe
Europe Daily Bulletin No. 13730
Contents Publication in full By article 25 / 38
ECONOMY - FINANCE - BUSINESS / Competition

European Commission fines Gucci, Chloé and Loewe for imposing resale price maintenance on retailers

On Tuesday 14 October, the European Commission imposed fines totalling €157 million on three companies in the high-end fashion sector - €119.7 million on Italy’s Gucci, €19.7 million on France’s Chloé and €18 million on Spain’s Loewe - for imposing resale prices on independent third-party retailers, both online and offline, for clothing, footwear and various accessories distributed under their respective brands.

Violating EU competition rules throughout the European...

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