L'Oreal pledges to defend exclusive sales deals in Spain

Published on .

MADRID -- L'Oreal says it will appeal against a ruling by Spanish competition body the Tribunal de Defensa de la Competencia, which has ordered the company can no longer limit the sale of its cosmetics products to pharmacies.

The Tribunal's decision follows complaints from consumer organizations and hypermarket association Anged.

Under the ruling, a number of companies including L'Oreal were declared guilty of price fixing and unfair practices via exclusive sales agreements. L'Oreal, the leader in Spain's cosmetics market, was fined $200,000 and ordered to extend its distribution. Anged welcomed the ruling, which it said would lead to lower consumer prices.

Copyright August 1996 Crain Communications Inc.

Most Popular
In this article: