CASE COMMENTS: MERGERS – FRANCE – RETAIL – BREACH OF COMMITMENTS – SANCTION

Sanction: The French Supreme Administrative Court confirms the French Competition Authority’s decision imposing a EUR 20 million fine on a French electrical household distributor for breach of its commitments undertaken in the context of a merger (Fnac / Darty)

*This article is an automatic translation of the original article, provided here for your convenience. Read the original article. In the context of the acquisition of sole control of Darty by Fnac, which was authorised by the French Competition Authority by a decision of 27 July 2016Fnac had undertaken to sell six stores in Paris and the Paris region before 1 August 2017. However, for three of these stores, namely the Fnac Beaugrenelle store and the Darty Belleville and Saint-Ouen stores, Fnac Darty did not present a viable buyer to the Autorité de la concurrence within the deadline and was therefore fined EUR 20 million for failing to comply with the undertaking. More specifically, Fnac Darty was criticised for not having put forward any buyer for the Fnac Beaugrenelle store and for

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Authors

  • Hogan Lovells (Paris)
  • Hogan Lovells (Paris)

Quotation

Eric Paroche, Céline Verney, Sanction: The French Supreme Administrative Court confirms the French Competition Authority’s decision imposing a EUR 20 million fine on a French electrical household distributor for breach of its commitments undertaken in the context of a merger (Fnac / Darty), 7 November 2019, Concurrences N° 1-2020, Art. N° 93344, pp. 119-120

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