WSJ: Dirty Secrets In Soap Prices
PARIS—For nearly a decade, executives from consumer goods giants including Procter & Gamble Co. secretly met in discreet restaurants around Paris, allegedly to fix the price of laundry detergent in France.
On Thursday, the country’s antitrust watchdog handed them the check.
The Autorité de la Concurrence slapped fines totaling €361 million ($484 million) on P&G, Henkel AG and Colgate-Palmolive Co. for colluding to set the price of soaps in France between 1997 and 2004.
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kellysutton said:
You can pry my soap out of my cold, sea hands.
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