IFF, Firmenich, Givaudan and Symrise below 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 liable for round half of all fragrances in the marketplace.

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 rivals, and restricted the manufacturing of sure fragrances.

To analyze the matter, COMCO carried out daybreak raids at numerous places, 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 totally with the investigation.