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Fashion-modeling agencies fined EUR4.5 million by Italy's antitrust authority

( November 11, 2016, 17:00 GMT | Official Statement) -- MLex Summary: Eight fashion-modeling agencies and the industry association have been fined 4.5 million euros by the Italian competition authority for participating in a cartel. The model-management companies, which include Elite Model Management and Major Model Management, were found to have coordinated prices. The industry has also drawn antitrust scutiny in France and the UK in recent months.Full summary below (in Italian)....

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