IFF, Firmenich, Givaudan and Symrise underneath 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 accountable 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 could have collaborated on pricing insurance policies, restricted the provision of sure clients to their rivals, and restricted the manufacturing of sure fragrances.

To research the matter, COMCO carried out daybreak raids at numerous 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 mentioned to be co-operating absolutely with the investigation.