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

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RNS Number : 0075B  Competition and Markets Authority  31 May 2023

Announcement of publication of the text of the CMA's decision

 

The Competition and Markets Authority (CMA) has published the text of its
decision on relevant merger situation and substantial lessening of competition
under section 33(1) of the Enterprise Act 2002 on the anticipated acquisition
by Farfetch Limited (Farfetch) of a shareholding in, and certain governance
rights over, YOOX Net-a-Porter Group S.p.A. from Compagnie Financière
Richemont S.A. (Richemont), in consideration for the acquisition by Richemont
of a minority shareholder in Farfetch, which was announced byt the CMA on 29
March 2023.

 

The text of this decision can be found on the dedicated case page on the CMA's
website at https://www.gov.uk/cma-cases (https://www.gov.uk/cma-cases) .

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.   END  MERWPUPPAUPWUMU

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