Kyriakides Georgopoulos Law Firm represented the Greek subsidiary of global leader in luxury cosmetic, Estee Lauder during the HCC’s investigation into alleged collusion between cosmetics wholesalers during the 2001-2006 period.
The HCC’s 10-year investigation involved a wide-ranging market survey on the wholesale and retail markets for cosmetics and touched upon both horizontal and vertical aspects of the relevant market structure. Issues examined included indirect RPM and price fixing in retail discounts. The Hellenic Competition Commission fined six luxury cosmetic wholesalers in 2017, alleging they had coordinated among themselves to set uniform discount prices with retailers carrying their brands between 2005 and 2006. The six retailers – Estée Lauder, L’Oreal Hellas, Sarantis, Parfums Christian Dior Hellas, Notos Com and Gerolymatos Cosmetics – all appealed against the commission’s decision. Hearings took place in late 2016 and decision 646/2017 was issued imposing a fine of approximately 5,4 million euro on Estee Lauder. KG Law Firm won on appeal before the Administrative Court of Appeal, suspending the payment of the fine and overturning the decision in its entirety in a judgement issued in June 2018.