Swiss Antitrust Authorities Open Investigation Into Nivea Pricing
In a statement, the authority known as COMCO said Beiersdorf is allegedly refusing to allow Migros to purchase Nivea brand products under the same conditions as abroad.
In the investigation, COMCO is analysing whether Beiersdorf has relative market power compared to Migros.
'If so, it will investigate whether Beiersdorf is abusing this position by charging Migros higher prices for the same Nivea products than comparable retailers abroad,' it said.
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Beiersdorf said it could not comprehend the allegations and would cooperate with COMCO to help clarify the matter.
Compliance with regulations and in particular antitrust law had top priority for Beiersdorf, the firm said in a statement.
By Dave Graham, Editor: Miranda Murray
Learn more:
Nivea Maker Beiersdorf Expects Skin Care Growth to Slow
The German cosmetics company, which also makes the pricey skincare and makeup lines La Prairie and Chantecaille, cut its growth forecast for the year ahead, citing softened demand.
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