Trade
5 years ago

US clothing company fined for blocking cross-border sales

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EU antitrust regulators fined US clothing company Guess $45.3 million on Monday for illegally blocking cross-border sales in Europe, as one of several companies targeted since a wide-ranging inquiry into e-commerce sales.

The investigation into Guess kicked off in June 2017, reports Reuters.

The European Commission said the retailer cooperated by providing key evidence and received a 50 percent cut in the fine.

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