Richemont / Yoox / Net-A-Porter merger inquiry

The CMA investigated the anticipated acquisition relating to Compagnie Financière Richemont S.A., Yoox S.p.A and The Net-A-Porter Group Limited.

• From: Competition and Markets Authority
• Published: 10 July 2015
• Last updated: 1 October 2015 — See all updates

• Case type: Mergers
• Case state: Closed
• Market sector: Clothing, footwear and fashion
• Outcome: Mergers - phase 1 clearance
• Opened: 10 July 2015
• Closed: 1 October 2015

Statutory timetable

Phase 1 date	Action
1 October 2015	Decision published
2 September 2015	Decision announced
10 to 24 July 2015	Invitation to comment
10 July 2015	Launch of merger inquiry

Phase 1

CMA clearance decision

2 September 2015: The CMA has cleared the acquisition relating to Compagnie Financière Richemont S.A., Yoox S.p.A and The Net-A-Porter Group Limited. The full text of the decision is available below.

• Full text decision (1.10.15)

Invitation to comment: Now closed

10 July 2015: The CMA is considering whether it is or may be the case that this transaction has resulted in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002 and, if so, whether the creation of that situation has resulted, or may be expected to result, in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services.

Launch of CMA merger inquiry

10 July 2015: The CMA announced the launch of its merger inquiry by notice to the parties.

• Commencement of initial period notice (10.7.15)

Contact

Please send written representations about any competition issues to:

Suzanne Van Scheijen
Competition and Markets Authority
Victoria House
Southampton Row
London
WC1B 4AD

[email protected]

Published 10 July 2015
Last updated 1 October 2015 + show all updates

1. 1 October 2015

   Full text of the decision published.

2. 10 July 2015

   First published.