The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control over Max & Co. Japan Co. Ltd. (‘MCJ’) by Mitsui & Co. Ltd. (‘Mitsui’), both of Japan, and Max Mara Group (‘Max Mara’) of Italy.
MCJ is a Japanese subsidiary currently solely controlled by Max Mara, active in the retail sale of Max & Co and Marina Rinaldi branded products in Japan.
Mitsui is a trading, business management and project development company that operates worldwide and is active in various sectors, including in the production, distribution and retail activities of apparel.
The Commission concluded that the proposed transaction would raise no competition concerns because of the limited activities of MCJ in the European Economic Area. The transaction was examined under the simplified merger review procedure. More information is available on the Commission’s competition website, in the public case register under the case number M.10639.