- Reuters
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.
- WWD
European Commission Fines IFF 15.9 Million Euros for Antitrust Inspection Obstruction
At issue were WhatsApp messages being deleted during the probe.
- Simply Wall St.
Here's Why We're Wary Of Buying International Flavors & Fragrances' (NYSE:IFF) For Its Upcoming Dividend
Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be...
