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Philips Netherlands and three other consumer electronics manufacturers have been fined a total of 111.2 million euros by EU antitrust regulators for introducing prices online fixed or minimum for their products
The Philips Penalty Decision, ASUS Pioneer and Denon & Marantz followed a 17-month investigation by the European Commission to face antitrust violations at sales online, such as price restrictions based on the customer's location or nationality. 9659002] The survey, launched in February of last year, was one of three companies that covered a total of 15 companies in the consumer electronics, video games industries. and the hotel industry
. prices of kitchen products, laptops and Hi-Fi products, charging them fixed or minimum prices.
As it turned out during the investigation, Pioneer tried to restrict the capacity of its retailers The company used illegal practices in retailers from 12 EU countries, including the France, Germany, the Netherlands and the United Kingdom. According to the European Commission, the remaining companies with fines have engaged in illegal activities in one or two countries.
According to The Verge, there was no collusion between the four companies, but each of them applied the same pricing principles. As a result, ASUS was fined 63.5 million euros, Philips – 29.8 million euros, Pioneer – 10.2 million euros , Denon & Marantz 7.7 million euros.
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