Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE  
Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel,   BELGIË  
 
Tel: +32 229- 91111. Fax: +32 229- 64301. E -mail:  COMP -MERGER -REGISTRY@ec.europa.eu.  
  EUROPEAN COMMISSION  
Brussels,  13.6.2022  
C(2022) 4143 final  
      PUBLIC VERSION 
Itochu Corporation  
5-1, Kita -Aoyama 2-chome , 
Minato -ku, Tokyo 107-8077,  
Japan  
 
Under Armour, Inc.  
1020 Hull Street, 3rd Floor,  
Baltimore, MD 21230,  
United States of America  
Subject : Case M. 10724 – ITOCHU / UNDER ARMOUR / DOME  
Commission decision pursuant to Article 6(1)(b) of Council Regulation 
(EC) No  139/20041 and Article 57 of the Agreement on the European 
Economic Area2  
Dear Sir or Madam,  
1. On 17 May 2022, the European Commission received notification of a proposed 
conc entration pursuant to Article 4 of the Merger  Regulation by which 
the undertaking s ITOCHU Corporation (‘Itochu’, Japan) and Under Armour Europe 
(‘Under Armour’, Netherlands), a 100 % subsidiary of Under Armour Inc. (‘Under 
Armour Inc’, US),  intend to acquire within the meaning of Article s 3(1)(b) and 3(4)  
of the Merger Regulation joint control over the whole of the  company Dome 
Corporation (‘Dome’, Japan), constituting a joint venture , by way of purchase of 
shares .3 
2. The business activities of the undertakings concerned are:  
− Itochu is a publicly traded company, active in a wide range of industries, among 
other things i n the manufacturing of textile,  
                                                 
1 OJ L 24, 29.1.2004, p. 1 ( the ‘Merger Regulation ’). With effect from 1 December 2009, the Treaty on 
the Functioning of the European Union ( ‘TFEU ’) has introduced certain changes, such as the 
replacement of ‘ Community ’ by ‘Union’  and ‘common market ’ by ‘internal market ’. The terminology 
of the TFEU will be used throughout this decision.  
2  OJ L 1, 3.1.1994, p. 3 ( the ‘EEA Agreement ’). 
3  Publication in the Official Journal of the European Union No C 210, 25.05.2022, p. 37.  

2 − Under Armour is a publicly traded company, active in development, marketing 
and distribution of apparel (sports and casual apparel), footwear and sport -related 
accessories,  
− Dome is a stock corporation, sells (as retailer), distributes and advertises sports 
apparel and sports footwear of Under Armour’s brand ‘Under Armour’ in Japan. 
3. After examination of the notification, the European Commission has concluded that 
the notified operation falls within the scope of the Merger  Regulation, and of 
paragraph 5(a ) of the  Commission Notice on a simplified procedure for treatment of 
certain concentrations under Council Regulation (EC) No  139/2004.4 
4. For the reasons set out in the Notice on a simplified procedure, the European 
Commission has deci ded not to oppose the notified operation and to declare it 
compatible with the internal market and with the EEA Agreement. This decision is 
adopted in application of Article 6(1)(b) of the Merger  Regulation and Article 57 of 
the EEA Agreement . 
For the Commission  
 
 
(Signed)  
Olivier GUERSENT  
Director -General  
                                                 
4  OJ C 366, 14.12.2013, p. 5.