U.S. Clothing company Guess fined $45 million for blocking cross-border sales By Reuters

0
624
© Reuters.  French startup Devialet hopes to score big with smaller speakers


© Reuters. U.S. Clothing company Guess fined $45 million for blocking cross-border sales

BRUSSELS (Reuters) – EU antitrust regulators fined U.S clothing company Guess 40 million euros ($45.3 million) on Monday for illegally blocking cross-border sales in Europe, as one of several companies targeted since a wide-ranging inquiry into e-commerce sales.

The investigation into Guess kicked off in June 2017. The European Commission said the retailer cooperated by providing key evidence and received a 50 percent cut in the fine.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here