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Merger Update: Farfetch/Richemont/YOOX

RNS Announcement

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.

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RNS metadata

Title: Merger Update: Farfetch/Richemont/YOOX
Time: 07:00:03
Date: 31 May 2023
Category: Acquisitions and alliances
ID: 0075B