Gucci, Loewe, Chloé Fined by EU Antitrust Authority Over Pricing Practices

MILAN — The European Union’s antitrust authority has fined luxury brands Gucci, Loewe and Chloé a total of more than 157 million euros alleging the companies have engaged in anticompetitive pricing practices. Following initial investigations commenced in 2023 and carried out via unannounced inspections at the brands’ premises, the European Commission opened formal proceedings a year later into alleged infringement of so-called resale price maintenance, or RPM. More from WWD According to the antitrust watc ...