- Title:
Merger Update:Farfetch/Richemont/YOOX Net-A-Porter - Time:
07:00:02 - Date:
29 Mar 2023 - Category:
Acquisitions and alliances - ID:
4935U
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 as soon as is reasonably practicable.
In the event of media enquiries please email [email protected].
Merger Update:Farfetch/Richemont/YOOX Net-A-Porter07:00:0229 Mar 2023Acquisitions and alliances4935U