India probes fragrance giants over price collusion
Indian antitrust authorities are investigating major global fragrance makers including Givaudan and IFF for alleged price collusion. The CCI had to recall its initial report after companies complained about unredacted commercial secrets.
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GIVAUDAN-REG faces a second antitrust probe in India over alleged price collusion, alongside DSM-FIRMENICH AG and INTL FLAVORS & FRAGRANCES. The regulatory scrutiny adds to existing investigations into labor anti-poaching deals across the sector. The fragrance makers operate in a market projected to reach $5B by 2033.
