Global Fragrance Manufacturers Investigation

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Did you Overpay for Fragrance Products or Consumer Products Containing Fragrances?

Lowey Dannenberg, P.C. is investigating claims that global fragrance manufacturers Givaudan SA, International Flavors & Fragrances, Inc., Symrise AG, and Firmenich SA conspired to increase prices of fragrance compounds and ingredients (“Fragrance Products”) in violation of U.S. and international antitrust and competition laws.

 

On March 8, 2023, the Swiss Competition Commission announced an antitrust investigation in the fragrance industry involving Firmenech, Symrise, International Flavors & Fragrances and Givaudan. Dawn raids were conducted in coordination with the European Commission, the United States Department of Justice Antitrust Division, and the UK Competition and Markets Authority. At this time, the European press reported on unannounced inspections, dawn raids and formal requests for documents sent to these four companies, as well as a global industry association, the International Fragrance Association, related to a global antitrust investigation in the market for Fragrance Products.

Shortly thereafter, a class action lawsuit was filed against Givaudan SA, International Flavors & Fragrances, Inc., Symrise AG and Firmenich challenging a conspiracy to unlawfully increase prices of Fragrance Products. Collectively, these four companies comprise over 70% of the fragrance compound market.  The complaint alleges that the defendants’ price increases, which occurred in parallel starting in 2018, unlawfully increased prices of Fragrance Products, harming purchasers.

 

If you purchased any of the following:

  • Fragrance Products directly or indirectly from Givaudan, International Flavors & Fragrances, Symrise, or Firmenich between 2018 and the present, or

  • Consumer Products containing fragrances between 2018 and the present, such as:

    • candles

    • perfume

    • body wash

    • detergent

    • shampoo

    • conditioner

 

Please fill out the form below or contact Nicole Veno at nveno@lowey.com, to learn more. Read our blog to gain more insight.

If you suffered a loss on your investments or would like to inquire about joining an action to recover your loss under the federal securities laws, please complete the form below.

An attorney will contact you at no cost to provide you information about joining the action and answer your questions. Please note that submission of this form does not by itself form an attorney-client relationship nor does filing out this form mean you have joined any lawsuit.