Merger Notification - Announcement according to § 10 Cartel Act
L Catterton Management Limited; TOD’S S.p.A.
BWB/Z-6521
On 28.02.2024 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
Crown Bidco S.r.l., an Italian company which is entirely owned by LC10 International AIV, L.P., a private fund managed or advised by affiliates of L Catterton Management Limited, USA, intends to launch a voluntary totalitarian tender offer aimed at acquiring 36% of the ordinary shares of TOD’s S.p.A., representing 36% of the share capital.
The transaction concerns the manufacture and sale of personal luxury fashion goods. Retail sale of other goods in specialised stores. Wholesale of clothing and footwear.”
G - WHOLESALE AND RETAIL TRADE
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 27.03.2024.
Entrepreneurs whose legal or economic interests are affected by the merger can bring in a written statement at the Federal Competition Authority or the Federal Cartel Prosecutor within 14 days from publication date.
Note: The intervening party has no right to a certain treatment of the statement and will not gain a party position.
Non-prohibition of the merger
The Federal Competition Authority and the Federal Cartel Prosecutor have not applied for examination of the merger by the Cartel Court. The standstill obligation (§ 17 (1) Cartel Act) ends with effect from 28.03.2024 .