The Service of the Commission for the Protection of Competition has received a notification of a concentration according to Section 10 (4) of the Control of Concentrations between Enterprises Law of 2014, concerning the acquisition of the
Sub-License of the cosmetics under the brand name Prada by L’Oréal S.A.
The acquisition of the Sub-License of the cosmetics under the brand name Prada (hereafter the “Target”) concerns the products Prada Candy, Prada Amber, Prada Amber Pour Homme, La femme Prada, Les Infusions και Olfactories.
L’Oréal S.A is the holding company of the L’Oréal Group of companies and it duly registered under the laws of France and is active globally in the cosmetics and beauty products. The L’Oréal Group is active in the research, development, trade of a portfolio of cosmetics and beauty products.