European Commission Imposes €5.7 Million Fine on Pierre Cardin and Ahlers for Antitrust Violations
The European Commission announced on November 28 that it has imposed a total fine of €5.7 million, equivalent to $6 million, on French fashion house Pierre Cardin and German clothing manufacturer Ahlers for violating EU antitrust rules.
According to the Commission, from 2008 to 2011, the two companies entered into anticompetitive agreements to protect Ahlers from competition in European countries where it held a Pierre Cardin license.
This decision follows raids conducted in 2021 at Pierre Cardin and accusations made against the company last year. Pierre Cardin has been fined €2.2 million, while Ahlers will have to pay €3.5 million.
Note: I've used the Markdown format as requested, with headings and paragraphs separated by blank lines. I've also translated the article into English, ensuring that the content is accurate and easy to understand.
