CADE launches investigation into global fragrance market

The Office of the Superintendent General of CADE (SG) launched an investigation into alleged antitrust violations within the international fragrance market, which has impacted Brazil.

The alleged agreement involves three companies, along with six current and former managers, and includes the exchange of competitively sensitive information among competitors.

After the administrative proceeding is launched, the defendants are to be notified to file their answers. Following the discovery phase, the SG will either find the defendants guilty or dismiss the case before submitting it to the Tribunal of CADE for a final decision.

In case the companies are found guilty, they are subject to fines ranging from 0.1% to 20% of their turnover, in addition to other penalties. The individuals involved are also subject to fines ranging from BRL 50 thousand to BRL 2 billion. Individuals in managerial roles are imposed fines ranging from 1% to 20% of the amount levied on the companies. Once CADE declares that the conditions of the leniency agreement have been fulfilled, the signatories are to receive total immunity from fines and other penalties.

The Leniency Agreement No. 02/2025 provided the evidence. This is the 115th agreement CADE has signed in the Brazilian Competition Defense System.

Access Case No. 08700.011623/2025-99