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$175M in High-End Cosmetics Up for Grabs

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$175M in High-End Cosmetics Up for Grabs

NEW YORK (CBS) ― A beauty product giveaway totaling $175 million starts Tuesday. The giveaway is actually a lawsuit settlement involving cosmetics manufacturers and department stores. Macy's, Nordstrom, and others will hand out Chanel, Estée Lauder, L'Oreal and other high-end brands.

The defendant manufacturers were sued for allegedly fixing prices and preventing competition to offer discounts. No company admitted fault, but they agreed to give free products to consumers who say they bought an item between 1994 and 2003.

Lotions and perfumes will be valued at about $20.

The cosmetic class-action settlement runs until January 26, 2008, while supplies last. The stores that will be participating in the settlement product distribution are the following:

-Bergdorf Goodman
-Bergner's
-Bloomingdale's
-Boston Store
-Carson Pirie Scott
-Dillard's
-Gottschalks
-Herberger's
-Macy's
-Neiman Marcus
-Nordstrom
-Parisian
-Saks Fifth Avenue
-Younkers

For more information, visit the Cosmetics Cases Information Web site.

(© MMX, CBS Broadcasting Inc. All Rights Reserved.)

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