The French Minister of Economy clears a merger in the consumer goods retail sector subject to remedies preventing the buyer from converting the stores acquired into supermarkets (Galeries Lafayette / Marks and Spencer)

The operation By the present transaction, Galerie Lafayette SA ("GL"), which is active in the retail sector throughout several department stores and the Monoprix chain, acquires the 18 French stores of Marks & Spencer. It should be noted that the transfer of assets is limited to the building owned by the target and therefore excludes all others liabilities and assets of Marks & Spencer. Consequently, "GL" will not be allowed to use the "Marks & Spencer" trademark. The market concerned by

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  • French Competition Authority (Paris)

Quotation

Stanislas Martin, The French Minister of Economy clears a merger in the consumer goods retail sector subject to remedies preventing the buyer from converting the stores acquired into supermarkets (Galeries Lafayette / Marks and Spencer), 24 December 2001, e-Competitions December 2001, Art. N° 22046

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