Swiss fragrance and flavour maker Givaudan said on Tuesday that it was being investigated by European Union and Swiss antitrust authorities after the EU announced earlier it had raided several companies on concerns of a cartel in the supply of fragrances and fragrance ingredients.
A European Union flag flutters outside the EU Commission headquarters, in Brussels, Belgium, February 1, 2023 REUTERS/Yves Hermansaid on Tuesday that it was being investigated by European Union and Swiss antitrust authorities after the EU announced earlier it had raided several companies on concerns of a cartel in the supply of fragrances and fragrance ingredients."I can confirm that we are part of an industry-wide investigation by European and Swiss authorities.
The European Commission did not name the companies, the association or the European Union countries where the dawn raids occurred in line with its usual policy. It said the fragrances are used in consumer products such as household and personal care products. "The Commission has concerns that companies and an association in the fragrance industry worldwide may have violated EU antitrust rules that prohibit cartels and restrictive business practices," the EU executive said in a statement.
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