Luxury Brands Fined Millions for Price Fixing

Luxury brands Gucci, Chloé, and Loewe just got slapped with a €157 million fine by the EU for illegally fixing prices! Find out how these fashion houses strong-armed retailers for nearly a decade, stifling competition and costing shoppers across Europe. The crackdown sends a clear message: price manipulation is OUT, and fair fashion is IN.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.