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Fakir settles Turkish online sales antitrust probe

( June 23, 2025, 12:27 GMT | Official Statement) -- MLex Summary: Fakir, a Turkish electrical-appliances wholesale distributor, has been fined more than 26 million lira (around $655,000) by the national competition authority, for engaging in resale price maintenance and facilitating indirect information exchange between the retailers Teknosa, Vatan and Media Markt. The fine comes as part of a settlement reached, in which Fakir agreed to include provisions to its existing and future reseller contracts to make clear that it won't restrict their sales activities.Statement follows. ...

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