Brussels, 22 November 2023
The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control of the intellectual property rights of G-Star of the Netherlands and the acquisition of joint control of its operational assets by WHP Investments (‘WHP’) of the US.
The transaction relates primarily to the retail sector, in particular clothing, footwear and accessories.
The Commission concluded that the notified transaction would not raise competition concerns, given the companies’ limited market positions resulting from the proposed transaction. The notified 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.11296.
Source – EU Commission