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Philips, Asus, Pioneer and D&M hit with e-commerce fines

Updated : July 25, 2018 06:40 AM IST

The investigation, which began in February last year, was one of three that covered a total of 15 companies in the consumer electronics, video game and hotel sectors.
The four companies fined on Tuesday were found to have restricted the ability of online retailers to set their own prices for products such as kitchen appliances, notebook computers and hi-fi products, insisting on fixed or minimum resale prices, the EU said.
Philips, Asus, Pioneer and D&M hit with e-commerce fines

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