The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control over Tom Tailor Holding SE (“Tom Tailor”) of Germany by Fosun International Limited (“Fosun International”) of China.
Tom Tailor is a fashion house that mainly offers classic and modern casual wear for men, women and children. Fosun is part of a group with activities in (i) pharmaceuticals, medical services and health, (ii) tourism, leisure, fashion and consumer products, and (iii) insurance, finance and investment. The Commission concluded that the proposed transaction would raise no competition concerns given the companies’ limited combined market shares in Europe under any possible market definition. The transaction was examined under the simplified merger review procedure.