IFF, Firmenich, Givaudan and Symrise beneath investigation by Swiss Competitors Fee

Swiss antitrust authorities are investigating 4 main perfume corporations for suspected collusion. The quartet contains Switzerland’s Firmenich and Givaudan, US-based Worldwide Flavors & Fragrances (IFF), and Germany’s Symrise. The 4 corporations between them are chargeable for round half of all fragrances available on the market.

The Swiss Competitors Fee (COMCO) has indicated that there are issues about a number of corporations within the perfume manufacturing sector violating cartel legal guidelines. There are indications that these corporations might have collaborated on pricing insurance policies, restricted the availability of sure clients to their opponents, and restricted the manufacturing of sure fragrances.

To research the matter, COMCO performed daybreak raids at varied areas, and labored in session with the European Fee, the US Division of Justice Antitrust Division, and the UK Competitors and Markets Authority.

All 4 corporations are stated to be co-operating totally with the investigation.