Michael Kors: EU clears acquisition of Jimmy Choo.
(CercleFinance.com) - The European Commission has approved US fashion designer Michael Kors' acquisition of British luxury shoemaker Jimmy Choo.
The Commission concluded that the proposed acquisition would raise no competition concerns given the companies' moderate combined market positions resulting from the transaction.
The transaction has been examined under the simplified merger review procedure, the EU executive said.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The Commission concluded that the proposed acquisition would raise no competition concerns given the companies' moderate combined market positions resulting from the transaction.
The transaction has been examined under the simplified merger review procedure, the EU executive said.
Copyright (c) 2017 CercleFinance.com. All rights reserved.