Off the wire
• Beijing to examine pesticide-contaminated strawberry  • NPT's crucial role lauded at UN  • Roundup: African countries pledge investments in climate adaptation projects  • IFRC launches emergency appeal to assist Nepal earthquake  • Roundup: Nepal grapples with quake aftermath, int'l rescue efforts underway  • Top legislator urges promoting vocational education  • Urgent: Nuke elimination top priority for UN, says Ban  • Yan/Wu duo made to work in mixed doubles at table tennis worlds  • Germany provides aid for relief efforts in quake-hit Nepal  • China to cut art, literature awards by 60 percent  
You are here: 　 Home

EU approves acquisition of Pepe Jeans by M1 Fashion, LVMH

Xinhua, April 28, 2015 Adjust font size:

The European Union (EU) approved the acquisition of joint control over Spain's Pepe Jeans by M1 Fashion Ltd. of the British Virgin Islands and LVMH of France under the EU merger regulation, said the European Commission (EC) on Monday.

Pepe Jeans sells luxury men's fashion under the UK Hackett brand and denim fashion under the Pepe Jeans brand.

M1 Fashion belongs to an investment group which owns, among others, the Faconnable brand. LVMH, controlled by Groupe Arnault, is a conglomerate active in the production and sale of luxury goods.

The EC concluded that the proposed acquisition would raise no competition concerns because the overlaps between the activities of Pepe Jeans, M1 Fashion, and LVHM were limited. The transaction was examined under the simplified merger review procedure. Endit