IFF, Firmenich, Givaudan and Symrise under investigation by Swiss Competition Commission

Swiss antitrust authorities are investigating four major fragrance companies for suspected collusion. The quartet includes Switzerland’s Firmenich and Givaudan, US-based International Flavors & Fragrances (IFF), and Germany’s Symrise. The four companies between them are responsible for around half of all fragrances on the market.

The Swiss Competition Commission (COMCO) has indicated that there are concerns about several companies in the fragrance production sector violating cartel laws. There are indications that these companies may have collaborated on pricing policies, restricted the supply of certain customers to their competitors, and limited the production of certain fragrances.

To investigate the matter, COMCO conducted dawn raids at various locations, and worked in consultation with the European Commission, the US Department of Justice Antitrust Division, and the UK Competition and Markets Authority.

All four companies are said to be co-operating fully with the investigation.

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