Rolex fined EUR91 million in France for prohibiting online sales
( December 19, 2023, 11:53 GMT | Official Statement) -- MLex Summary: Luxury brand Rolex has been fined 91.6 million euros (around $100 million) by the French antitrust watchdog for banning its authorized retailers from selling its watches online, the national watchdog said today. The Swiss company argued that it imposed these conditions to combat counterfeiting and off-network sales, but the Autorité de la Concurrence said that its rivals had implemented alternative solutions to shield themselves from such practices.See press statement. Decision attached in French....
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