Guess Fined Over $45 Million for Inflating Prices in Eastern and Central Europe

Guess is in hot water over its prices. On Monday, the European Commission released the full details of its decision to fine the brand 40 million euros ($45.49 million) for anti-competitive practices in violation of EU competition rules that prevent restrictions on cross-border sales. In November’s Q3 earnings report, Guess announced that it expected fines…