REG - Competition and Mkts - CMA update: CA98 investigation

Givaudan SAAnnouncement

17/01/2024 08:15

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RNS Number : 9754Z  Competition and Markets Authority  17 January 2024

CMA update: CA98 investigation

On 7 March 2023, the Competition and Markets Authority (CMA) launched an
investigation
(https://www.gov.uk/cma-cases/suspected-anti-competitive-conduct-in-relation-to-fragrances-and-fragrance-ingredients-51257)
under Chapter I of the Competition Act 1998 (CA98) into suspected breaches of
competition law. The investigation concerns suspected anti-competitive conduct
in relation to the supply of fragrances and fragrance ingredients for use in
the manufacture of consumer products such as household and personal care
products.

In January 2024, the CMA extended the investigation to include suspected
unlawful coordination by Firmenich International SA, Givaudan SA and
International Flavours & Fragrances Inc involving reciprocal arrangements
relating to the hiring or recruitment of certain staff involved in the supply
of fragrances and/or fragrance ingredients.

No assumption should be made at this stage that the CA98 has been infringed.
The CMA has not reached a view as to whether there is sufficient evidence of
an infringement of competition law for it to issue a statement of objections
to any of the parties under investigation. Not all cases result in the CMA
issuing a statement of objections.

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