BRUSSELS (dpa-AFX) - The European Commission on Tuesday said it has approved the acquisition of TriStyle Mode GmbH of Germany by Equistone Partners Europe Ltd. - together with its portfolio companies 'Equistone,' under the EU Merger Regulation.
Equistone, headquartered in London, United Kingdom is an independent investment firm that invests mainly in medium-sized companies, with a portfolio spanning a number of industries.
TriStyle is a Munich-based multichannel clothing and footwear retailer, with a focus on high quality women's apparel sold mainly in Germany under the domains 'Peter Hahn' and 'Madeleine.'
The Commission concluded that the proposed acquisition would raise no competition concerns, because the parties are not active in the same markets. The Commission also took into account that one of Equistone's portfolio companies supplies shoes at wholesale level. Nevertheless, the impact of the transaction on the market for retail sale of shoes is negligible and numerous alternative suppliers will continue to be active on the market at, both wholesale and retail level.
The transaction was considered and examined under the simplified merger procedure.
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