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Friday 19.10.2018 | Name days: Drosma, Drosmis, Elīna
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Drogas not in a hurry to pay the fine issued by Competition Council

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Drogas cosmetics retailer is not planning on paying the fine of 18 967 LVL issued by the Competition Council (CC) for using a dominant market position in bad faith.

Drogas is informed about the decision of the CC and is preparing to challenge it, says the company’s social relations specialist Elina Junolainena. No detailed comments are available at the moment.

BNN previously reported that by forcing unfair, insurmountable and unjustified cooperation conditions to Euro Cosmetics, Drogas contributed to the company becoming insolvent. Also, Drogas’ actions in requesting discounts from its suppliers created a “firebed effect” for consumers (when a merchant forces retailers to offer goods for higher prices in order to compensate for losses that formed from cooperation with Drogas).

Drogas was charged with the maximum possible fine for such a violation – 0.05% of previous year’s net turnover. When setting an appropriate punishment, the CC took into account the severity of the violation, the length and consequences, as well as Drogas’ actions in delaying the investigation – the company hid evidence and avoided cooperating with CC. The company is also obligated to cancel all unjust conditions from contracts with other suppliers.

During the investigation, the CC uncovered several violations of the Competition Law – the retailer returned products that remained unsold back to the supplier. This made suppliers suffer losses because of supply planning errors.

According to information from Euro Cosmetics for 2008-2009, Drogas only paid for 66% of the supplied goods, covering the remaining part with credit payments, different discount payments and penalties, as well as by returning unsold products.

Ref: 102.109.109.5589


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