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Georg Jensen pays fine in settlement for resale price maintenance

18. februar 2013

On January 16, 2013, Georg Jensen (a producer of lifestyle products) entered into a settlement with the Danish Competition and Consumer Authority for infringing section 6 of the Danish Competition Act by imposing resale price maintenance to its dealers. Accordingly Georg Jensen accepted to pay a fine of DKK 1 million (€ 134.000).

For a period of not less than two years and in several cases sellers at Georg Jensen demanded that the company’s dealers used the company’s indicative prices as a minimum resale price to consumers.

In fixing the fine of DKK 1 million the Danish Competition and Consumer Authority took into account the duration of the infringement, the size of Georg Jensen’s turnover and the fact that the agreements on resale price maintenance were entered into in several cases and by several sellers.

The Danish Competition and Consumer Authority emphasized that it was a mitigating circumstance that the management of Georg Jensen contacted the competition authorities immediately when they found out about the resale price maintenance and that Georg Jensen cooperated with the competition authorities during the casework.

Georg Jensen took contact to the Public Prosecutor for Serious Economic and International Crime and the Danish Competition and Consumer Authority, and the two competition authorities have handled the case in corporation.