EU fines Hello Kitty owner for limiting online sales | The Daily Star
12:00 AM, July 10, 2019 / LAST MODIFIED: 12:01 AM, July 10, 2019

EU fines Hello Kitty owner for limiting online sales

The EU’s top anti-trust regulator on Wednesday fined Hello Kitty owner Sanrio 6.2 million euros ($6.9 million) for illegally blocking retailers from selling merchandise across bloc borders.

“Consumers, whether they are buying a Hello Kitty mug or a Chococat toy, can now take full advantage of one of the main benefits of the EU’s single market: the ability to shop around Europe for the best deals,” said Competition Commissioner Margrethe Vestager.

The relatively low fine came as a result of Sanrio’s cooperation in the case, which was jointly launched against Nike and Universal Studio.

In March, the commission fined Nike 12.5 million euros, with no decision yet taken against Universal.

The case is part of the EU’s ambition to build a digital single market across the union of 28 countries and 500 million people, which as a bloc is the world’s biggest economy.

The commission is especially keen to fight companies that break EU competition rules by restricting a manufacturer’s or retailer’s ability to sell licensed merchandise cross-border and online.

Stay updated on the go with The Daily Star Android & iOS News App. Click here to download it for your device.

Grameenphone:
Type START <space> BR and send SMS it to 22222

Robi:
Type START <space> BR and send SMS it to 2222


Banglalink:
Type START <space> BR and send SMS it to 2225

Leave your comments

Top News

Top News

Top