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Twelve appliance firms, including Electrolux and Whirlpool, fined $633M for price-fixing in France.
The French Competition Authority has fined 12 home appliance manufacturers and retailers $633 million for price-fixing between 2009 and 2014.
The companies, including Electrolux, Whirlpool, and SEB, colluded to keep prices high by limiting online sales and using opaque pricing.
SEB faces the largest fine at $189.5 million and plans to appeal, while Electrolux’s $44.5 million fine has already been accounted for.
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Doce empresas de electrodomésticos, incluyendo Electrolux y Whirlpool, multaron $633M por fijación de precios en Francia.