Fragrance firms face coordinated cartel probe

The world’s four largest flavour and fragrance firms were raided on 7 March as part of an investigation by competition authorities from the UK, US, EU and Switzerland. Swiss firms Givaudan and Firmenich; Symrise of Germany; and International Flavors and Fragrances of the US – which together control about 60% of the market – are being investigated under suspicion of anticompetitive behaviour.