2023-12-19 13:28:41
According to the authority, the Swiss watchmaker engaged in “a vertical agreement restricting competition” by prohibiting its distributors from selling its products online “for more than ten years”.
The Competition Authority imposed a fine of 91.6 million euros on the French subsidiary of Swiss watch manufacturer Rolex, which prohibited its distributors from selling its products online.for more than ten years“, she announced on Tuesday.
«The Authority considers that the stipulations of the selective distribution contract linking Rolex France to its distributors characterize a vertical agreement restrictive of competition“, explained the competition watchdog in a press release, emphasizing “that Rolex’s main competitors, who face the same risks, authorize, under certain conditions, the online sale of their products».
More information to come…
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