24 August 2018

Bundeskartellamt clears Douglas acquisition of Parfümerie Akzente unconditionally after Phase I investigation

On 25 July 2018 the Bundeskartellamt unconditionally cleared the acquisition of Parfümerei Akzente by Douglas. Douglas, part of the CVC-group, is the leading cosmetics retailer in Germany, whereas Akzente is a significant player in particular in the online segment. Next to their respective online stores, the Parties operate 456 and 27 offline stores across Germany, respectively. The Bundeskartellamt’s investigation focused on a local market analysis of potentially competing stores and on an assessment of competition between online and offline retailers.

RBB Economics assisted Douglas in obtaining clearance for the acquisition.

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