Reed Smith Client Alerts

In its decision to impose a €302 million fine for very serious anticompetitive practices in the floor covering sector, the French competition authority revised its position on compliance programmes, which will no longer automatically allow companies to obtain a reduced fine.
On 19 October 2017, the French competition authority (FCA) published its decision to impose a €302 million fine on three leading companies in the PVC and linoleum floor covering sector. The fines were: Tarkett - €165 million, Forbo - €75 million and Gerflor - €62 million. It also fined the industry’s trade association, Syndicat Français des Enducteurs Calandreurs et Fabricants de Revêtements de Sols et Murs (SFEC), €300,000.