The Turkish Competition Board recently published a short-form decision concluding that Luxottica Gözlük Endüstri ve Ticaret A.Ş. abused its dominant position in the sunglasses market, violating Article 6 of the Law on Protection of Competition Number 4054. The Board fined the company 1,672,647 Turkish Lira (≈€425,000; US $450,000), representing 0.75% of its turnover in the 2015 financial year.
A long-form version of the Board’s decision is expected to follow, outlining further details of the violation and the Board’s reasoning.
The full text of the Board’s short-form decision, dated 23 February 2017, is available at this link (only available in Turkish).
Information first published in the MA | Gazette, a fortnightly legal update newsletter produced by Moroğlu Arseven.
Authored by Bora İkiler.