PT
Autoridade da Concorrência

Case details

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Merger control
Case reference
CCENT/2007/43 - LUXOTTICA / OAKLEY
Acquiring
Luxottica
Description
an Italian-registered company that designs, manufactures and sells sunglasses and prescription frames worldwide, on a wholesale and retail basis; it is present in Portugal through its affiliates Luxottica Portugal - Comércio de Óptica, SA and Sunglass Hut Portugal - Comércio de Óculos e Relógios, Lda.
Acquired
Oakley
Description
a company under US law, that operates worldwide in the design, development, production and distribution of premium optical products (e.g. progressive lenses, prescription frames, sunglasses, protective eyewear and electronic optical products); it also produces Oakley-brand clothing, footwear, watches and accessories.
Sector
  • Extractive and manufacturing Industries
Activity (NACE)
  • C26 - Manufacture of computer, communication equipment, electronic and optical products
  • C32 - Other manufacturing activities
Applicable legislation
Art. 9(1)(a) (Law 18)
Notification thresholds
Market share
Type of merger
Horizontal
Cooperation with sector regulators
Status
Closed
Type of Investigation
Phase 1
AdC’s decision
Case description
Notified on 2 July 2007, with effect on 25 July 2007, this merger consists of the projected acquisition of sole control of OAKLEY, Inc. ("OAKLEY") by Luxottica Group SpA ("Luxottica"), by means of the acquisition of the whole of its registered capital.
Timeline
2007-08-30
COMPETITION AUTHORITY approves acquisition, by Luxottica Group SpA, of exclusive control of OAKLEY, Inc., an undertaking that operates worldwide, fundamentally in the design, development, production and distribution of premium optical products
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