BRUSSELS (Reuters) -The EU Commission said on Tuesday it has fined fashion brands Gucci, Chloe and Loewe a combined 157 million euros ($181.52 million) for fixing resale prices, in breach of EU competition rules, adding that this kind of anticompetitive behaviour increases prices and reduces choice for consumers. "In particular, the three fashion companies interfered with their retailers' commercial strategies by imposing restrictions on them, such as requiring them to not deviate from recommended retail prices; maximum discounts rates; and specific periods for sales," the Commission said in a statement. Gucci-owner Kering said the EU probe was resolved following a cooperation procedure with the brand and the financial hit was provisioned in the group's 2025 first-half results.
Breaking
The man who firebombed the official residence of Pennsylvania Gov. Josh Shapiro pleaded guilty on Tuesday and was sentenced to 25 to 50 years, prosecutors said....
Former President Joe Biden just shuffled in to all the commotion around the Israel-Hamas ceasefire deal to let us know he's the one who got it done....
https://www.newsnationnow.com/politics/supreme-court/supreme-court-rejects-alex-jones-appeal-defamation/...
loading...