Samsung Fined $47 Mln For Price Fixing In Netherlands

AMSTERDAM, Sept 29 (Reuters) – Electronics creator Samsung has been fined 40 million euros ($46.9 million) for value fixing in the Netherlands, Dutch contest guard dog ACM said on Wednesday.

Heavenly body BRANDS, INC.

The market controller said Samsung had pushed up the costs of its TVs in the Netherlands for quite a long time, by continually asking retailers to raise their costs in case they were selling them beneath Samsung’s favored market rate.무료성인야동

This training subverted contest between seven of the biggest internet based gadgets stores in the Netherlands, the ACM said, as Samsung made it clear to all retailers included that their rivals would likewise follow its estimating strategy.

Samsung additionally contacted retailers if their rivals whined about TVs being sold excessively modest, archives got by the controller showed.

“Samsung’s recommendation was not individual and not without results,” the guard dog said. “Its conduct twisted contest and raised costs for customers.”

Samsung said it would pursue the fine, as it kept up with it had never constrained retailers to utilize its value counsel and that stores had consistently been allowed to decide their own methodology.

Yet, the controller said that Samsung ought to have realized that its endeavors to impact costs went a long ways past ordinary direction and was indeed an approach to basically decide the market costs of its TVs.

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