Demise
In the late 1920s a Swedish-Danish-Norwegian union of companies (the North European Luma Co-op Society) began planning an independent manufacturing center. Economic and legal threats by Phoebus did not achieve the desired effect, and in 1931 the Scandinavians produced and sold lamps at a considerably lower price than Phoebus.
The original Phoebus agreement was intended to expire in 1955; however, the beginning of World War II greatly disrupted the operation of the cartel. Remnants of the Phoebus cartel were revived in 1948.
Read more about this topic: Phoebus Cartel