Flanco Retail fined RON 6.22 million in electronics resale-price fixing case
Company: Flanco Retail S.A.
Summary
Romania's Competition Council sanctioned Flanco Retail, Dante International, Altex Romania and Samsung Electronics Romania and Bulgaria for an anticompetitive agreement affecting televisions and mobile phones during 2019-2021. The authority said the arrangements restricted retailers' ability to determine resale prices independently. Flanco received a RON 6,223,580 fine. Sources: https://agerpres.ro/economic/2024/02/08/consiliul-concurentei-a-amendat-cu-123-milioane-de-lei-patru-companii-din-retailul-electro-it--1245657 and https://startupcafe.ro/flanco-amenda-consiliul-concurentei-stabilim-independent-preturi-htm-26042