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Swiss probe possible cosmetics price fixing

Tue Dec 2, 2008 8:13am EST

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ZURICH, Dec 2 (Reuters) - Swiss competition authorities are investigating the Geneva-based Association of Manufacturers and Suppliers of the Cosmetic and Perfumery Industry (ASCOPA) for possible price fixing.

Members of the association include Chanel Geneve SA, L'Oreal Produits de Luxe Suisse SA (OREP.PA), Parfum Christian Dior AG (DIOR.PA) and Coty (Switzerland), the Competition Commission said in a statement on Tuesday.

The Competition Commission said it had received a complaint that pricing information had been exchanged among members of ASCOPA.

"It should be determined whether the sharing of the information between association members had an impact on the competitiveness of the members and if it constituted a prohibited exclusivity agreement," the commission said.

ASCOPA was not immediately available for comment. (Reporting by Katie Reid; Editing by David Holmes)



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