CCI investigates global fragrance firms over price-fixing claims
According to a Reuters report, the Competition Commission of India (CCI) has launched an inquiry into major international fragrance producers, including Givaudan, Firmenich, and International Flavors & Fragrances, regarding suspected cartel activity. These companies are accused of conspiring to manipulate prices and entering into agreements to prevent poaching of employees. The firms have challenged the CCI’s findings, arguing that the investigative report failed to adequately redact sensitive commercial information.
by shortkt.com✓