Press Release: Commission fines Coats and Prym for a cartel in the needle market and other haberdashery products

Author (Corporate)
Series Title
Series Details IP/04/1313 (26.10.04)
Publication Date 26/10/2004
Content Type

The European Commission fined Coats and Prym a total of €60 million for, together with a third company Entaco, operating a cartel in the needle market and for segmenting the European market for haberdashery products (including needles, pins, buttons, fasteners and zips) between September 1994 and the end of 1999. Entaco received full immunity from fines for bringing the market sharing agreements to the Commission's knowledge.

Source Link Link to Main Source http://europa.eu/rapid/pressReleasesAction.do?reference=IP/04/1313&format=HTML&aged=0&language=EN&guiLanguage=en
Related Links
Prym: Homepage http://www.prym.com/en/html/b10.asp
Coats: Corporate information: Media centre http://www.coatsplc.co.uk/co/media/

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