The European Commission has cleared under the EU Merger Regulation the proposed acquisition of Italian luxury goods company Bulgari by France-based luxury goods group Moët Hennessy Louis Vuitton (LVMH).

The Commission’s investigation showed that the acquisition would not significantly alter the competitive structure of the markets concerned, as Bulgari holds small market shares only and LVMH will continue to face effective competition from several other manufacturers of luxury goods.

Bulgari and LVMH both produce and sell high-end fashion and leathergoods, including accessories. LVMH owns and operates several selective distribution retail chains.

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