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

COMPAGNIE FINANCIERE RICHEMONT SAAnnouncement

29/03/2023 08:15

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RNS Number : 4935U  Competition and Markets Authority  29 March 2023

Merger Clearance:

 

The Competition and Markets Authority has decided, on the information
currently available to it, not to refer the anticipated acquisition by
Farfetch Limited of interest in, and governance rights over, YOOX Net-a-Porter
Group S.p.A from Compagnie Financière Richemont S.A., in consideration for
the acquisition by Compagnie Financière Richemont S.A. of interest in
Farfetch Limited to an in-depth Phase 2 investigation under the provisions of
the Enterprise Act 2002.

 

The text of this decision will be placed on the Competition and Markets
Authority's website at https://www.gov.uk/cma-cases
(https://www.gov.uk/cma-cases) as soon as is reasonably practicable.

 

In the event of media enquiries please email Press@cma.gov.uk
(mailto:Press@cma.gov.uk) .

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