Archives: Anti-corruption and anti-bribery

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Luxury watch pricing under Polish antitrust watchdog’s microscope

Scrutiny of retail pricing of luxury goods appears to continue to be a priority of European competition authorities.  The latest example is the Polish Competition Authority’s ongoing probe into the luxury watch sector. The probe became public through dawn raids, and targets three Polish importers of branded watches: The Swatch Group Poland; Przedsiębiorstwo Handlowo–Usługowe Jubiler; … Continue Reading

Chinese officials flaunt luxury goods; attract public backlash

A Chinese official was recently fired after an internet campaign revealed that he owned 11 luxury watches.  The official, Yang Dacai, claimed he purchased the watches with his modest civil servant salary, but Chinese internet commentators countered that Yang could not possibly have afforded them on just his legitimate income.  The Chinese Communist Party is … Continue Reading