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

Swiss antitrust authorities are investigating 4 main perfume firms for suspected collusion. The quartet contains Switzerland’s Firmenich and Givaudan, US-based Worldwide Flavors & Fragrances (IFF), and Germany’s Symrise. The 4 firms between them are answerable 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 firms within the perfume manufacturing sector violating cartel legal guidelines. There are indications that these firms might have collaborated on pricing insurance policies, restricted the provision of sure clients to their rivals, and restricted the manufacturing of sure fragrances.

To analyze the matter, COMCO performed 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 firms are mentioned to be co-operating absolutely with the investigation.