European Commission fines Gucci, Chloé and Loewe €157 million for market interference
The European Union has fined luxury fashion brands Gucci, Chloé and Loewe a total of €157 million for illegally controlling independent retailers and preventing them from setting their own prices. The European Commission discovered the violations during a surprise inspection of the companies in April 2023, subsequently opening a formal investigation in July 2024. The … Read more