GVH fines Procter & Gamble Ft 315 mln

Sights

The Competition Office (GVH) on Thursday said it fined Procter & Gamble Ft 315 million for false advertising. The watchdog found the company’s claim that its Bonux washing powder had “really outstanding” cleaning properties compared to similarly priced products was unfounded.

Procter & Gamble’s TV spot claimed the product beat all rivals in its price category.
The ruling took the company’s significant market share and the extended period of the infringement into account, and also that Procter & Gamble had been fined five times before for similar reasons.

ADVERTISEMENT

K&H Mobile App Introduces Voice-based Digital HUF Transfers Banking

K&H Mobile App Introduces Voice-based Digital HUF Transfers

Orbán Augurs Economic Rebound From Q3 Government

Orbán Augurs Economic Rebound From Q3

Slovenia Retail Trade Drops Further in August Retail

Slovenia Retail Trade Drops Further in August

Kempinski Hotel Corvinus Named 'Hungary's Leading Luxury Hot... Hotels

Kempinski Hotel Corvinus Named 'Hungary's Leading Luxury Hot...

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.