Symrise Dropped from UK Fragrance Cartel Probe

THE WHAT? The UK’s Competition and Markets Authority (CMA) has officially closed its investigation into German fragrance and ingredients supplier Symrise, initially implicated in a wider probe into suspected anti-competitive behavior among major fragrance companies. The investigation will now proceed solely against Givaudan, International Flavors & Fragrances (IFF), and Firmenich

THE DETAILS Launched in March 2023, the CMA’s investigation centers on the supply of fragrances and fragrance ingredients used in cosmetic and personal care products. The authority suspected collusion and anti-competitive practices that could distort the supply chain to manufacturers.

In a statement issued Monday, the regulator confirmed it would no longer pursue the case against Symrise “on administrative priority grounds,” signaling a shift in focus rather than an exoneration. The remaining companies—Givaudan, IFF, and Firmenich—remain under scrutiny.

THE WHY?  The CMA’s decision to narrow the scope of its investigation highlights resource allocation amid a complex, multi-national probe involving some of the fragrance industry’s biggest players. While Symrise is no longer under investigation, the ongoing probe underscores the importance of transparency and fair competition in the fragrance supply chain—a critical component in the formulation of personal care and beauty products. The outcome could have wider implications for global regulatory standards and supply chain accountability within the sector.

Source: MarketScreener

The post Symrise Dropped from UK Fragrance Cartel Probe appeared first on Global Cosmetics News.