Regulators in Switzerland, UK, US and EU investigate overcharging and other anti-competitive practices
The world’s four largest fragrance suppliers were raided on Wednesday as part of a co-ordinated move by regulators to investigate overcharging and other anti-competitive practices in the industry. Swiss companies Firmenich and Givaudan, Germany’s Symrise and US group International Flavors & Fragrances — which together control roughly 60 per cent of the market — are all under investigation for suspected collusion by antitrust authorities in Switzerland, the UK, the US and EU.
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