European Commission fines Gucci, Chloé and Loewe $183 million for price interference

The European Commission has fined luxury fashion houses Gucci, Chloé, and Loewe over 157 million euros, nearly $183 million, for anti-competitive practices that restricted independent retailers' ability to set prices for luxury goods.

The commission said the companies' fixing of resale prices breached the bloc's competition rules and harmed consumers.

"The decision sends a strong signal to the fashion industry and beyond that we will not tolerate this kind of practice in Europe, and that fair competition and consumer protection apply to everyone, equally," Commission Vice President Teresa Ribera said in a statement Tuesday.


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Gucci fine reduced for cooperation

Gucci owner Kering acknowledged the decision "related to past commercial practices" and said in a statement that "a cooperative procedure" allowed "for a swifter resolution of the case."

Gucci's fine was cut in half to nearly 120 million euros for its cooperation revealing additional breaches, the commission said. Kering said funds were set aside for the fine in the first half of 2025.

Other brands also receive reduced penalties

Chloé owner Richemont and Loewe owner LVMH did not immediately respond to requests for comment. Loewe's fine was halved to 18 million euros for its cooperation and Chloé's fine was reduced by 15% to nearly 20 million euros.

The commission said the three brands restricted the ability of independent retailers to set their own prices for high-end apparel, leather goods, footwear, and accessories sold both online and in physical stores.

The brands required retailers to adhere to recommended retail prices, set maximum discount rates, and established periods for sales, mirroring practices in the brands' own direct sales channels.

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The practices "deprived the retailers of their pricing independence and reduced competition between them," the commission said.