Merger Notification - Announcement according to § 10 Cartel Act
Compagnie Financière Richemont S.A.; MYT Netherlands Parent B.V.
BWB/Z-6878
On 10.03.2025 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
Compagnie Financière Richemont S.A., Switzerland, intends to acquire 33 % of the shares in MYT Netherlands Parent B.V., Germany.
G - WHOLESALE AND RETAIL TRADE G 47 - Retail trade, G 47.7 - Retail sale of other goods, except motor vehicles and motorcycles, G 47.71 - Retail sale of clothing, G 47.72 - Retail sale of footwear and leather goods, G 47.77 - Retail sale of watches and jewellery, G 47.78 - Retail sale of other new goods, G 47.79 - Retail sale of second-hand goods
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 07.04.2025.
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 08.04.2025 .