IFF, Firmenich, Givaudan and Symrise below 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 chargeable for round half of all fragrances available on the market.

The Swiss Competitors Fee (COMCO) has indicated that there are considerations about a number of firms within the perfume manufacturing sector violating cartel legal guidelines. There are indications that these firms could have collaborated on pricing insurance policies, restricted the availability of sure prospects to their opponents, and restricted the manufacturing of sure fragrances.

To research the matter, COMCO performed daybreak raids at varied 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 totally with the investigation.