EU clears some textile relevant mergers

EU Commission clears acquisition of Jimmy Choo by Michael Kors

The European Commission has approved, under the EU Merger Regulation, the acquisition of Jimmy Choo PLC of the UK, by Michael Kors Holdings Limited incorporated in British Virgin Islands. Jimmy Choo is a fashion brand specialising in luxury footwear and accessories. Michael Kors is a global luxury accessories, footwear and apparel company. The Commission concluded that the proposed acquisition would raise no competition concerns given the companies’ moderate combined market positions resulting from the proposed transaction. The transaction was examined under the simplified merger review procedure.

www.jimmychoo.com/

www.michaelkors.com

 

EU Commission clears acquisition of the Williams Lea business by Advent

The European Commission has approved, under the EU Merger Regulation, the acquisition of Williams Lea Tag GmbH of Germany, Williams Lea Holdings, Inc. of the US and Williams Lea Holdings Limited of the UK, together forming the Williams Lea business, by Advent International of the US. The Williams Lea business is active in the provision of marketing communications services and business document process outsourcing. Advent International is a private equity investment firm with portfolio companies active in various business sectors. The Commission concluded that the proposed acquisition would raise no competition concerns because the overlaps between the activities of the Williams Lea business and Advent International’s portfolio companies are limited. The transaction was examined under the simplified merger review procedure.

https://www.wlt.com

https://www.adventinternational.com/

http://ec.europa.eu