Event
The French eyewear decision (21-D-20, 2021)
On 22 July 2021 the French competition authority fined Luxottica, LVMH and Chanel over retail prices and online sales of sunglasses and frames; the contracts were separate.
- Dates
- 22 Jul 2021
Connections 4
involved
- Luxottica fined €125,174,000, mostly for pressing opticians to keep its recommended prices from 2005 to 2014 Primary record 1
- LVMH fined €500,000, under the no-contest procedure, for terms in its TAG Heuer licence on prices and online sales Primary record 1
- Chanel fined €130,000 over its licence with Luxottica Primary record 1
- Autorité de la concurrence found the damage from the online-sales bans very limited Primary record 1
Timeline 1 date
- 22 Jul 2021 The French eyewear decision (21-D-20, 2021)
Proof 1 source
-
Several eyewear brands and manufacturers fined for imposing selling prices and restrictions on online sales (press release on decision 21-D-20), Autorité de la concurrence, 23 Jul 2021.
Primary record
Luxottica 125 174 000 LVMH 500 000 Chanel 130 000
With regard to Luxottica, the Autorité noted that, between 2005 and 2014, it had distributed so-called "recommended" prices to its retailers and encouraged them to maintain a certain retail price point for its products.
Logo and LVMH wished to benefit from the no contest of objections procedure
between LVMH and Logo (from 2004 to 2015)
Clauses in the licensing agreements between Chanel and Luxottica (from 1999 to 2014)
the damage to the economy caused by these measures was very limited
Page history 1 change
- Add 55 stories, each checked against its sources96e92fe6
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