Market Chatter: International Flavors & Fragrances Facing Second Antitrust Probe in India

MT Newswires Live
08/26

International Flavors & Fragrances (IFF) is facing a second antitrust investigation from India's competition commission related to allegations over price collusion with two other global fragrance companies, Reuters reported Tuesday, citing a confidential regulatory document.

The competition commission document, dated July 22, describes the case as "alleged cartelization" in the Indian fragrance industry by IFF and Swiss-based Givaudan and Firmenich, according to the report.

The latest probe follows an ongoing investigation over the three companies allegedly finalizing labor anti-poaching deals, a source close to the matter told Reuters.

IFF didn't immediately respond to a request for comment by MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

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