The EU Commission fines Guess almost €40 million for anticompetitive agreements to block cross-border sales
The European Commission has fined Guess for restricting retailers from online advertising and selling cross-border to consumers in other Member States in breach of article 101 of TFEU. Because of Guess cooperation with the Commission, a reduction of the fine by 50% has been applied and the fine imposed amounts to €39.821.000,00. The Commission opened…