MILAN (Reuters) -Italy’s competition authority said on Monday it had fined online wine retailer Tannico 150,000 euros ($174,000) for unfair commercial practices.
The company was owned by a joint venture between Campari Group and LVMH’s Moet Hennessy until October, when it was sold to Castel-Vins, a unit of French wine company Castel-Freres.
The Italian e-commerce platform used to advertise discounts on its website and app that were “misleading and incomplete”, the Italian watchdog said in a statement.
Tannico’s press office did not immediately reply to a request for comment.
Products labelled as “on offer” were priced equal to or higher than their retail price in the previous 30 days, in breach of rules on the transparency of discounts, the Italian authority said.
The regulator, which polices consumer rights as well as competition matters, said Tannico was no longer in breach since changing its website and app in mid-July.
($1 = 0.8622 euros)
(Reporting by Cristina Carlevaro, editing by Alvise Armellini and Alex Richardson)
