Brussels, 11 July 2024
The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control of Bucherer Holding AG and Bucherer Immobilien AG (‘Bucherer’) by Rolex Holding SA (‘Rolex’), all of Switzerland.
The transaction relates primarily to the manufacturing, supply and retail of luxury watches.
The Commission concluded that the notified transaction would not raise competition concerns, in particular because of the presence of alternative suppliers and retailers in the countries of the European Economic Area where both parties are active. The notified transaction was examined under the normal merger review procedure.
More information is available on the Commission’s competition website, in the public case register under the case number M.11246.