- Title:
Merger Update: Farfetch/Richemont/YOOX - Time:
07:00:03 - Date:
31 May 2023 - Category:
Acquisitions and alliances - ID:
0075B
⌘K
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.
Merger Update: Farfetch/Richemont/YOOX07:00:0331 May 2023Acquisitions and alliances0075B