The EU Commission fined Pierre Cardin and Ahlers a total of €5.7 million for breaching EU antitrust rules by limiting cross-border sales of Pierre Cardin-branded clothing. Pierre Cardin and Ahlers engaged in anticompetitive arrangements to protect Ahlers from competition in EEA countries where the group held a Pierre Cardin license, violating TFEU and preventing retailers from freely sourcing products and partitioning the internal market.
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Fresh blow for Rachel Reeves as AstraZeneca scraps £450m investment in UK vaccine plant
Rachel Reeves' hopes to regain business confidence suffered a blow as AstraZeneca cancelled a £450 million investment in a vaccine plant in Merseyside, amid concerns over promised subsidies. This setback came after failed attempts to attract major investments and job losses at companies like Lloyds Bank and Tesco, with criticism focused on national insurance hikes and new employment rights. Shadow business secretary Andrew Griffith criticized Labour's handling of the situation, highlighting the impact of tax...
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