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Author:
Alex Ciutacu
Unfair competition authorities of the European Union fined 111.2 million euros to Philips, Pioneer, Asus and Denon & Marantz because they forced retailers online to set exactly the resale price of their products, according to Reuters
The European Commission opened an investigation into these companies last February as part of an action against producer prices.
European Competitiveness Regulators have indicated that these companies have been involved in "fixing or minimizing prices", leaving online retailers unable to establish their own resale prices on a wide range of products. such as home appliances or
Asus received the highest fine of 63.5 million euros, followed by Philips with 29.8 million euros. At the same time, Pioneer was fined 10.2 million euros, and Denon & Marantz producer, 7.7 million euros.
Article published in the print edition of Ziarul Financiar of 25.07.2018
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