Source: EURLEX
Language: en
Format: md

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| European flag | Official Journal  of the European Union | EN  Series C |

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|  | C/2023/703 | 6.11.2023 |

Prior notification of a concentration

(Case M.11296 – WHP / G-STAR)

Candidate case for simplified procedure

(Text with EEA relevance)

(C/2023/703)

1.

On 26 October 2023, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 [(1)](#ntr1-C_202300703EN.000101-E0001).

This notification concerns the following undertakings:

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| — | WHP Investments, LLC (‘WHP’) (United States), ultimately controlled by Brookfield Asset Management Inc. (‘Brookfield’) (Canada) and Oaktree Capital Group LLC (‘Oaktree’) (United States), |

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| — | G-Star Raw C.V. and its subsidiaries (‘G-Star’) (the Netherlands). |

WHP will acquire within the meaning of Article 3(1)(b) of the Merger Regulation sole control over G-Star’s IP rights and joint control over G-Star’s operating assets. The concentration is accomplished by way of purchase of shares.

2.

The business activities of the undertakings concerned are the following:

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| — | WHP acquires, manages and licenses global consumer brands and invests in distribution channels including digital commerce platforms and global expansion, |

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| — | G-Star focuses on design, manufacturing and distribution of clothing, footwear and accessories. |

3.

On preliminary examination, the Commission finds that the notified transaction could fall within the scope of the Merger Regulation. However, the final decision on this point is reserved.

Pursuant to the Commission Notice on a simplified treatment for certain concentrations under Council Regulation (EC) No 139/2004 on the control of concentrations between undertakings [(2)](#ntr2-C_202300703EN.000101-E0002) it should be noted that this case is a candidate for treatment under the procedure set out in the Notice.

4.

The Commission invites interested third parties to submit their possible observations on the proposed operation to the Commission.

Observations must reach the Commission not later than 10 days following the date of this publication. The following reference should always be specified:

M.11296 – WHP / G-STAR

Observations can be sent to the Commission by email or by post. Please use the contact details below:

Email: COMP-MERGER-REGISTRY@ec.europa.eu

Postal address:

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| European Commission |
| Directorate-General for Competition |
| Merger Registry |
| 1049 Bruxelles/Brussel |
| BELGIQUE/BELGIË |

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ELI: http://data.europa.eu/eli/C/2023/703/oj

ISSN 1977-091X (electronic edition)

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