December 17, 2018 / 10:59 AM / a month ago

U.S. Clothing company Guess fined $45 mln for blocking cross-border sales

BRUSSELS, Dec 17 (Reuters) - EU antitrust regulators fined U.S clothing company Guess 40 million euros ($45.3 million) on Monday for illegally blocking cross-border sales in Europe, as one of several companies targeted since a wide-ranging inquiry into e-commerce sales.

The investigation into Guess kicked off in June 2017. The European Commission said the retailer cooperated by providing key evidence and received a 50 percent cut in the fine.

$1 = 0.8821 euros Reporting by Foo Yun Chee

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