Recent investigations have focused on the world’s four top fragrance suppliers, but our firm is looking into many additional complex claims involving price fixing, collusion, and other criminal activities. The UK, the EU, the US, and Switzerland antitrust regulators are looking into Firmenich, Givaudan, Symrise, and International Flavors & Fragrances, four companies that dominate nearly 60 percent of the market between them.
These fragrance industry titans have been accused of engaging in price fixing because of their allegedly coordinated pricing policy, ban on competitors supplying particular clients, and cap on the production of certain perfumes. The effects of these unlawful actions on companies, customers, and the economy as a whole can be devastating.
Our antitrust attorneys are currently investigating these claims. Contact us at 866-778-5500 or complete our online form to book a free consultation.
By authorizing courts to compensate plaintiffs three times the amount of economic loss caused by the defendant, antitrust law serves to deter businesses from participating in anticompetitive conduct. If these fragrance distributors colluded to overcharge their consumers by $1 billion, for instance, a court may order the corporations to pay $3 billion in restitution to the harmed businesses and individuals. The court may also impose a permanent injunction requiring the corporations to end their anticompetitive conduct.
Our firm’s antitrust attorneys regularly keep clients abreast of regulatory changes, new case law, and industry trends. If you or your company has suffered losses as a result of anticompetitive actions in the fragrance industry, our firm can assist you in filing an antitrust lawsuit to recover those losses.
Don’t wait to contact our knowledgeable antitrust attorneys if you think the fragrance industry is breaking antitrust laws. We’ll look into your claim, construct a solid case, and fight for you to get the money you’re owed. If you are considering filing an antitrust case, we encourage you to reach out to us immediately to learn more about how we can help you preserve your rights and interests.
