Vertice news

Compliance with intercompany payment deadlines remains a key Concern for public authorities. As a priority area of oversight for the DGCCRF, economic operators face significant financial risk, as well as reputational risk through the “name & shame” mechanism implemented by the authorities.

In its decision no. 23-D-12 of 11 December 2023, the French Competition Authority fined the Mariage Frères group 4 million EUR for two anticompetitive practices in the luxury tea sector.

In its decision no. 24-D-02 of 6 February 2024, the French Competition Authority jointly and severally fined the chocolate maker De Neuville and its parent company (the holding company Savencia) 4 million EUR for engaging in two restrictive practices.

In its decision no. 23-D-13 of 19 December 2023, the French Competition Authority imposed a fine of 91.6 million EUR on Rolex France SAS and three parent companies (Rolex Holding SA, Foundation Hans Wilsdorf and Rolex SA) for enforcing a complete ban on online sales by its authorised resellers within its selective distribution network. This decision marks the highest sanction imposed to date by the French Competition Authority for such practice.