Suspected anti-competitive conduct in relation to fragrances and fragrance ingredients (51257)

UK · 2026-09-29

1. Step 1 · The triggerThe CMA opens a formal investigation into suspected anti-competitive conduct by major fragrance suppliers.
2. Step 2 · Knock-onThe investigation raises compliance and legal-cost risk for Firmenich, Givaudan, and IFF, and may lead to fines or behavioural remedies.
3. Step 3 · Reaches youIf anti-competitive conduct is found and remedies imposed, price competition in fragrance ingredients is restored, lowering input costs for UK SMEs in consumer goods and retail.

The trigger is reported by the source below. The steps that follow are Branch²’s traced reasoning — how the shock could reach a business like yours, not a prediction.

Source: Competition and Markets Authority

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