European Commission fines Gucci, Chloé and Loewe $183 million for price interference
The entrance of Gucci’s flagship store is in downtown Frankfurt, Germany. | Photo Credit: Reuters The European Commission has fined luxury fashion houses Gucci, Chloé and Loewe over 157 million euros (nearly $183 million) for anti-competitive practices restricting independent retailers’ ability to set prices for their luxury goods. The Commission said the companies’ fixing of…
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