In relation to the Decision No 646/2017 of the Anti-Trust Committee pursuant to an investigation in the cosmetics wholesale and retail market, that has imposed to GR. SARANTIS S.A. a fine of 1,939,849.41 euro, GR. SARANTIS' position, that was also presented before the Committee (with the exception of point 3 below that only came to our attention through the Decision), is summarized as follows:
The above argumentation will also be presented before the Administrative Court of Appeal, in the context of SARANTIS' recourse, which we strongly believe that will be upheld, given that the aforesaid Decision is contrary to fundamental principles of the Law .
There must be noted that GR. SARANTIS S.A. participates indirectly by 49% to the company named ESTEE LAUDER HELLAS S.A., to which the Committee has imposed a total fine of 5,388,425.35 euro.COMMENTS REGARDING A DECISION OF THE GREEK ANTI-TRUST COMMITTEE (339.0KB)