IFF Jun 2024 97.500 put

EU fines IFF for obstructing investigation of suspected fragrance cartel

The European Commission said on Monday it had fined U.S. company International Flavors & Fragrances (IFF) and its French affiliate 15.9 million euros ($17.05 million) for obstructing an inspection in an ongoing investigation of a suspected cartel in the supply of fragrances and fragrance ingredients. "The Commission found that during the inspection (in March 2023), a senior employee of IFF intentionally deleted WhatsApp messages exchanged with a competitor," the Commission said. The investigation of a suspected fragrance cartel, which was opened in March 2023 and also targets Swiss companies Givaudan and Firmenich International as well as German player Symrise, is ongoing, the Commission added.