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Competition

EU fines Asus, Denon & Marantz, Philips and Pioneer $130M for online price fixing

By | antitrust, asus, Boston Acoustics, Competition, competition law, consumer electronics, Denon & Marantz, eCommerce, Europe, european union, Gadgets, Hardware, Marantz, Margrethe Vestager, Philips, price - fixing, Pricing

The European Union’s antitrust authorities have issued a series of penalties, fining consumer electronics companies Asus, Denon & Marantz, Philips and Pioneer more than €110 million (~$130M) in four separate decisions for imposing fixed or minimum resale prices on their online retailers in breach of EU competition rules. It says the four companies engaged in so called […]

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