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10 July, 2019 00:00 00 AM
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EU fines Hello Kitty owner for limiting online sales

AFP, Brussels

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.

 

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Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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