Disclaimer :

The Competition DG makes the information provided by the notifying parties in section 4 of Short Form CO available to the public in order to increase transparency. This information has been prepared by the notifying parties under their sole responsibility, and its content in no way prejudges the view the Commission may take of the planned operation. Nor can the Commission be held responsible for any incorrect or misleading information contained therein.

SECTION 4

Description of the concentration

On 22 November 2023, the European Commission received the notification of a proposed transaction pursuant to Article 4 of the Council Regulation (EC) No. 139/2004. The Proposed transaction involves the acquisition of sole control of Cambridge Retail Group Holding Limited (the “Target”) by Harng Central Department Store Limited (together with the companies it controls, “Central Group”).

Central Group, a company headquartered in Thailand, is active in merchandising, real estate, retailing, hospitality and restaurants. In the EU, Central Group is active in the retail sector in Italy (la Rinascente Spa), in Germany (The KaDeWe Group) and in Denmark (Illum A/S). In the EU, Central Group also conducts property development activities in the real estate business.

The Target, a joint venture between Central Group and SIGNA Group, is the holding company for the Selfridges store group. Selfridges store group is active in the retail of non-food products, including beauty products, womenswear, menswear, childrenswear, footwear, accessories and homewares, and to a lesser extent the retail of food. Selfridges store group’s retail business comprises three separate operating banners: Selfridges, De Bijenkorf, and Brown Thomas and Arnotts, with stores located in the United Kingdom, the Netherlands and Ireland, respectively.

Commission européenne/Europese Commissie, 1049 Bruxelles/Brussel, BELGIQUE/BELGIË - Tel. +32 22991111