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flag Twelve appliance firms, including Electrolux and Whirlpool, fined $633M for price-fixing in France.

flag The French Competition Authority has fined 12 home appliance manufacturers and retailers $633 million for price-fixing between 2009 and 2014. flag The companies, including Electrolux, Whirlpool, and SEB, colluded to keep prices high by limiting online sales and using opaque pricing. flag 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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