Suppliers of fragrances and fragrance ingredients are under investigation by international regulators for suspected anti-competitive conduct. On March 7, 2023, United States, European Union, United Kingdom, and Swiss antitrust regulators officially announced they are conducting coordinated investigations into potential violations of antitrust rules by top fragrance suppliers. The top four suppliers (Firmenich, Givaudan, International Flavors & Fragrances, and Symrise) currently control roughly 60% of the fragrance supply market (source: FT), giving them significant control over pricing if they were to collude as is suspected.
Swiss competition regulator Comco stated, “there are suspicions that [the companies] have coordinated their pricing policy, prohibited their competitors from supplying certain customers and limited the production of certain fragrances.” As part of the investigation, the top four fragrance groups were raided in a coordinated international probe into the suspected collusion.
Many small and mid-sized companies have likely been unknowingly paying unfair and inflated prices as a result of this alleged price-fixing conspiracy among leading fragrance companies. In response to this anti-competitive behavior, affected business owners will be joining together via class action to seek answers and monetary relief.
If you purchase fragrance compounds and/or fragrance ingredients wholesale from Firmenich, Givaudan, International Flavors & Fragrances, and/or Symrise, you are encouraged to reach out to Christopher Burke at 314-241-4844 or visit Korein Tillery (www.koreintillery.com) to learn more about your legal rights.
To find out if you are one of the estimated thousands of companies affected by this purported collusion please fill out the form below and an attorney from our team will contact you.
Fragrance suppliers under investigation
for anti-competitive conduct.
To learn more about this ongoing matter you can view additional relevant news coverage here:
Top four fragrance groups raided in co-ordinated antitrust probe
CMA launches investigation into fragrances and fragrance ingredients
Antitrust: Commission confirms unannounced inspections in the fragrance sector
Givaudan says it is part of EU, Swiss investigations into fragrances sector
Please discard this solicitation if you have already engaged a lawyer in connection with the legal matter referred to in this solicitation. You may wish to consult your lawyer or another lawyer instead of us. The exact nature of your legal situation will depend on many facts not known to us at this time. You should understand that the advice and information in this communication is general and that your own situation may vary.