REG - Competition and Mkts - Farfetch / YOOX Net-A-Porter / Richemont

COMPAGNIE FINANCIERE RICHEMONT SAAnnouncement

31/01/2023 08:15

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RNS Number : 2661O  Competition and Markets Authority  31 January 2023

 

 

Invitation to comment: FARFETCH / YOOX NET-A-PORTER GROUP / RICHEMONT

 

The Competition and Markets Authority (CMA) is considering whether it is or
may be the case that the anticipated acquisition by Farfetch Limited
(operating businesses such as Farfetch Marketplace and Farfetch Platform
Solutions) of a shareholding in and certain rights over YOOX Net-A-Porter
Group S.p.A. (operating businesses such as Net-A-Porter, Mr Porter, YOOX, The
Outnet and Online Flagship Stores) from Compagnie Financière Richemont
(operating businesses such as Cartier, Jager-LeCoultre and Montblanc) in
consideration for the acquisition by Compagnie Financière Richemont of a
minority shareholding in Farfetch Limited, if carried into effect, will result
in the creation of a relevant merger situation under the merger provisions of
the Enterprise Act 2002 and, if so, whether the creation of that situation may
lead to a substantial lessening of competition within any market or markets in
the United Kingdom for goods or services.

 

To assist it with this assessment, the CMA invites comments on the transaction
from any interested party.

 

These comments should be provided before or by 14 February 2023 to Carolina
Ricciardi (Carolina.Ricciardi@cma.gov.uk
(mailto:Carolina.Ricciardi@cma.gov.uk) ) and Anushka Singh
(Anushka.Singh@cma.gov.uk (mailto:Anushka.Singh@cma.gov.uk) ).

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