French antitrust body fines eyewear makers for imposing selling prices

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The Autorite de la concurrence said in a statement it has fined EssilorLuxottica 125.17 million euros, LVMH 500,000 euros and Chanel 130,000 euros.

“These anti-competitive practices are serious”, the antitrust body said in its ruling over imposing selling prices.

“In particular, they involved the implementation of surveillance and retaliation mechanisms,” it said.