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Swiss authority investigates possible collusion in fragrance market

The Swiss Competition Commission (COMCO) has opened an investigation in the fragrance sector based on its suspicions that producers have colluded.

Under investigation are Firmenich International SA (Geneva), Givaudan SA (Geneva), International Flavors & Fragrances Inc. (USA) and Symrise AG (Germany).

Dawn raids were conducted at various locations carried out in consultation with other competition authorities, namely the European Commission, the US Department of Justice Antitrust Division and the UK Competition and Markets Authority.

COMCO said it has indications that several undertakings active in the production of fragrances have violated cartel law.

“There are suspicions that these undertakings have coordinated their pricing policy, prohibited their competitors from supplying certain customers and limited the production of certain fragrances,” it said in a statement.

“In the course of the investigation, it will be examined whether there are indeed restrictions of competition prohibited by cartel law. The presumption of innocence applies to the undertakings.”

All four companies are said to be co-operating fully with the investigation.

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Upcoming Events

in-cosmetics Global 2023 - Barcelona

Fira Barcelona Gran Via
28 - 30 March 2023

NYSCC Suppliers' Day 2023

Javits Center, New York
2 - 3 May 2023

CITE Japan 2023

Pacifico Yokohama, Japan
17 - 19 May 2023

in-cosmetics Korea 2023

Hall C, Coex, Seoul, South Korea
12 - 14 July 2023

Making Cosmetics 2023

Allianz MiCo Hall 4 Gate 5 Viale L. Scarampo. Milan. Italy
22 - 23 November 2023

Access the latest issue of Personal Care Magazine on your mobile device together with an archive of back issues.

Download the FREE Personal Care Magazine app from your device's App store

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