BRUSSELS CLEARS BULGARI LVMH DEAL
July 1st, 2011
BY KEITH NUTHALL
THE EUROPEAN Commission has approved without condition the proposed acquisition of Italian luxury goods company Bulgari by France's Moët Hennessy-Louis Vuitton Group (LVMH) of France. Both sell high end cosmetics and perfumes, but a Commission competition inquiry concluded "the combined activities of LVMH and Bulgari do not give rise to high market shares under any plausible market definition."
ENDS
THE EUROPEAN Commission has approved without condition the proposed acquisition of Italian luxury goods company Bulgari by France's Moët Hennessy-Louis Vuitton Group (LVMH) of France. Both sell high end cosmetics and perfumes, but a Commission competition inquiry concluded "the combined activities of LVMH and Bulgari do not give rise to high market shares under any plausible market definition."
ENDS
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