Bundeskartellamt imposes fines totalling approx. 10.9 million euros on account of vertical price fixing in the clothing industry
(WorldNews Germany)

Date of issue:25.07.2017 The Bundeskartellamthas imposed fines totalling around 10.9 million euros on two companies in the clothing industry on account of vertical price fixing. The companies involved are the clothing manufacturer WellensteynInternational GmbH & Co. KG (Wellensteyn)and the retailer Peek & Cloppenburg KG, Düsseldorf (P&C Düsseldorf). The proceedings were initiated with a dawn raid on 26 March 2013 following complaints to the Bundeskartellamtabout the companies` practices. The infringements...