GVH fines group purchase schemes
Hungary's Competition Office (GVH) fined group purchase scheme organizers Best Life Center, Life Organization Szolgáltató and General Future more than a joint HUF 15 mln for unfair business practices.
GVH said the companies failed to provide sufficient information on their activities and the features of group purchase schemes in advertisements. GVH fined Best Life Center HUF 2,173,600, General Future HUF 12,039,800 and Life Organization Szolgáltató HUF 966,000.
GVH said it considered the facts that the advertisements reached a wide range of consumers over a longer period and targeted consumers in a vulnerable position as aggravating factors.
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