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Document 52024M11574

Prior notification of a concentration (Case M.11574 - L CATTERTON / KIKO) – Candidate case for simplified procedure

PUB/2024/590

OJ C, C/2024/3985, 24.6.2024, ELI: http://data.europa.eu/eli/C/2024/3985/oj (BG, ES, CS, DA, DE, ET, EL, EN, FR, GA, HR, IT, LV, LT, HU, MT, NL, PL, PT, RO, SK, SL, FI, SV)

ELI: http://data.europa.eu/eli/C/2024/3985/oj

European flag

Official Journal
of the European Union

EN

C series

C/2024/3985

24.6.2024

Prior notification of a concentration

(Case M.11574 - L CATTERTON / KIKO)

Candidate case for simplified procedure

(Text with EEA relevance)

(C/2024/3985)

1.   

On 13 June 2024, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1).

This notification concerns the following undertakings:

—

L Catterton Management Limited (‘L Catterton’, United States),

—

KIKO S.p.A. (‘KIKO’, Italy).

L Catterton will indirectly acquire within the meaning of Article 3(1)(b) of the Merger Regulation sole control of the whole of KIKO.

The concentration is accomplished by way of purchase of shares.

2.   

The business activities of the undertakings concerned are the following:

—

L Catterton is a consumer-focused investment firm, whose portfolio companies operate in the retail and restaurant business, the food and beverage business, and other consumer service and consumer product businesses including the production and sale of clothing and fashion accessories, cosmetics and fragrance products across the globe but primarily in the United States,

—

KIKO offers a wide range of mass cosmetics (including make-up and make-up-related accessories), skincare, body care, sun care and more recently haircare products and fragrances across the globe but primarily in the EU, specifically in Italy.

3.   

On preliminary examination, the Commission finds that the notified transaction could fall within the scope of the Merger Regulation. However, the final decision on this point is reserved.

Pursuant to the Commission Notice on a simplified treatment for certain concentrations under Council Regulation (EC) No 139/2004 on the control of concentrations between undertakings (2) it should be noted that this case is a candidate for treatment under the procedure set out in the Notice.

4.   

The Commission invites interested third parties to submit their possible observations on the proposed operation to the Commission.

Observations must reach the Commission not later than 10 days following the date of this publication. The following reference should always be specified:

M.11574 - L CATTERTON / KIKO

Observations can be sent to the Commission by email or by post. Please use the contact details below:

Email: COMP-MERGER-REGISTRY@ec.europa.eu

Postal address:

European Commission

Directorate-General for Competition

Merger Registry

1049 Bruxelles/Brussel

BELGIQUE/BELGIË

(1)   OJ L 24, 29.1.2004, p. 1 (the ‘Merger Regulation’).

(2)   OJ C 160, 5.5.2023, p. 1.

ELI: http://data.europa.eu/eli/C/2024/3985/oj

ISSN 1977-091X (electronic edition)

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