Reckitt fined €24m for price fixing laundry products
Thursday 24 November 2011
Reckitt Benckiser has been fined €24m by the German cartel office for fixing prices on dishwashing and laundry products with its German rival Henkel.
The fine was imposed on Reckitt and one of its employees after it was accused of illegally coordinating dishwasher detergent prices and exchanging competitive-sensitive information.
The authority said it had found four instances between mid-2005 and mid-2007 where Reckitt's German unit and Henkel fixed prices, such as by increasing prices for Reckitt's Calgonit dishwasher detergents, known as Finish in other markets, and Henkel's Somat.
The fine follows big penalties on Unilever and Procter & Gamble earlier this year for fixing washing powder prices.
- 1 Venezuela Expo Tattoo 2015: Extreme body art from 'Vampire Woman' to 109mm earlobes
- 2 Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
- 3 Ball pool for adults opens in London
- 4 Amal Clooney gives excellent response to fashion question at European Court of Human Rights
- 5 Canadian woman suing police who locked her in van with sex offender who then raped her
Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
Putin opponent reveals Russian President's daughter's secret identity
Ball pool for adults opens in London
Gay couple buy JebBushForPresident.com web domain, and refuse to sell
Canadian woman suing police who locked her in van with sex offender who then raped her
9 reasons Greece's experiment with the radical left is doomed to failure
Stephen Fry explains what he would say if he was 'confronted by God'
Have we reached 'peak food'? Shortages loom as global production rates slow
Greece elections: Syriza and EU on collision course after election win for left-wing party
British grandmother Lindsay Sandiford faces execution by firing squad in Indonesia
Liberal Democrat minister defends comments suggesting immigration causes pub closures
iJobs Money & Business
£40000 - £50000 per annum: Recruitment Genius: This is an exciting opportunity...
£30000 - £35000 per annum + Benefits: Ashdown Group: Marketing Manager - Marke...
£13000 per annum: Recruitment Genius: This Pension Specialist was established ...
£23000 - £26000 per annum + Benefits: Ashdown Group: Market Research Executive...