The Service of the Commission for the Protection of Competition received, according to Section 13 of the Control of Concentrations between Enterprises Law (Number 22(I)/99), a notification of a proposed concentration on behalf of S.L.Z.A. S.A., concerning the acquisition of some of the share capital of Vicini S.p.A. by S.L.Z.A. S.A.
S.L.Z.A. S.A. is a company duly registered in accordance with the laws of Luxembourg, and is a vehicle company established with the sole purpose of carrying out the proposed merger and is indirectly owned by Groupe Arnault. Groupe Arnault through direct and indirect subsidiaries, engages in the production and sale of fashion and leather goods, watches and jewelry as well as perfumes and cosmetics.
Vicini S.p.A. is a company duly registered in accordance with the laws of Italy and is wholly owned by a physical person, who is also the seller in the proposed merger. Vicini S.p.A. is mainly engaged in the design, production and distribution of high-end elegant shoes and sneakers for both women and men. In addition, the company sells bags, jewelry and other accessories.