A prospective class action filed in a New Jersey, US court last week has become the latest case mounted against fragrance giants Givaudan, Firmenich, International Flavors & Fragrances (IFF) and Symrise.
The lawsuits follow the announcement of investigations by antitrust authorities in Switzerland, Europe, the UK and the US into suspected pricing collusion earlier this year.
— Read more in Lawsuits mount against Givaudan, Firmenich, IFF and Symrise amid fragrance antitrust investigation at Cosmetics Business.
Well, say it ain’t so … from someone who used to not pay attention to price but whose wallet seems to get “more” lighter every time a perfume purchase is included…
If, in fact, anything comes of any of the anti-trust actions, it is likely to benefit the middle man and not the consumer…the price of the juice is such a tiny fraction of your final cost for a bottle of perfume. And that’s all this is about.
(And as a general rule, there are not many anti-trust actions that have ever saved consumers money anyway. Remember Ma Bell?)
And it’s about time!
See my comment above. IMHO this will change nothing at all for fragrance consumers.
Bummer. But thanks for the enlightenment!