BRUSSELS/ZURICH—Swiss fragrance and flavor maker Givaudan said on Tuesday that it was being investigated by European Union and Swiss antitrust authorities after the EU announced earlier it had raided several companies on concerns of a cartel in the supply of fragrances and fragrance ingredients.
The UK competition agency also opened an investigation into the same sector.
“I can confirm that we are part of an industry-wide investigation by European and Swiss authorities. As a good corporate citizen, Givaudan is fully cooperating with the authorities,” a spokesperson said.
The European Commission did not name the companies, the association, or the European Union countries where the dawn raids occurred in line with its usual policy. It said the fragrances are used in consumer products such as household and personal care products….