P&G fined for price-fixing cartel

Procter & Gamble (P&G) faced a substantial fine imposed by the European Commission due to its involvement in a price-fixing cartel concerning washing powder in Europe. The investigation revealed that P&G, alongside Unilever and Henkel, engaged in anti-competitive practices that manipulated market prices. The initial fine for P&G was set at €211.2 million, reflecting the severity of the violation. However, this amount was later reduced by 10% as a result of P&G and Unilever's admissions of guilt regarding their participation in the cartel. Unilever was also fined €104 million for its role in the scheme. In contrast, Henkel, which provided the information that led to the investigation, was not penalized, highlighting the leniency often afforded to whistleblowers in such cases. This incident underscores the ongoing scrutiny of corporate practices in Europe, particularly in relation to competition law and market fairness.