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EU Fines Guess €40M For Blocking Cross-Border Sales

By Matthew Perlman ( December 17, 2018, 5:24 PM EST) -- Europe's competition enforcer on Monday hit clothing designer Guess Inc. with a €39.9 million ($45.3 million) fine for using restrictions that prevented retailers from selling and advertising its products across borders, saying the practice resulted in higher prices in certain member countries....

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