The French Competition Authority agrees on interim proceedings concerning the execution of an undertaking’s commitments in the home appliances and consumer electronics sector (Darty / Fnac)

Background of the case On 27 July 2016, after an in-depth investigation (phase II review), the French Competition Authority (“FCA”) cleared the acquisition of Darty Plc (“Darty”), a retailer of home appliances and consumer electronics, by Fnac SA (“Fnac”), a distributor of cultural goods, subject to the condition that Fnac divests to one or several suitable purchasers, to be approved by the FCA before 1st August 2017, five Darty stores and one Fnac store located in Paris and its outskirts [1]. Immediately after the conditional clearance decision, the merged entity (“Fnac Darty”) sought to comply with its commitments by launching a call for proposals and contacting several potential buyers to test their interest for the divestment assets. However, by the end of the divestiture period, Fnac

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Marion Provost, The French Competition Authority agrees on interim proceedings concerning the execution of an undertaking’s commitments in the home appliances and consumer electronics sector (Darty / Fnac), 27 juillet 2016, e-Competitions July 2016, Art. N° 91393

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