EU fines Hello Kitty owner $7 million in antitrust ruling
BRUSSELS — European Union authorities on Tuesday fined the Japanese company behind Hello Kitty for restricting cross-border online sales of toys, mugs, bags and other products featuring the cartoon cat girl.
The EU’s antitrust commissioner, Margrethe Vestager, said that Sanrio Co. was fined 6.2 million euros ($7 million) because the company violated the bloc’s competition rules with licensing agreements that banned traders from selling merchandise in different countries in the bloc.
The commission found Sanrio’s illegal practices were in force for 11 years until December.
Restricting cross-border sales “leads to less choice and potentially higher prices for consumers and is against EU antitrust rules,” Vestager said.