Greece’s state competition watchdog has fined six prominent cosmetics firms, including Estee Lauder, L’Oreal and Christian Dior, some €19 million (SR83.98 million) for distorting competition.
The Hellenic Competition Commission said Wednesday it had found “anti-competitive agreements between wholesalers of luxury cosmetics” aimed at fixing retail prices.
Estee Lauder’s Greek branch was fined €5.4 million, while the subsidiaries of L’Oreal and Christian Dior received fines of €2.6 million and €1.8 million, respectively.
There has been no immediate comment from the companies.

Source:Arabnews