M/23/047 Next/Pink
Transaction details
The proposed acquisition by Next plc of sole control of Pink Topco Limited has been cleared by the Competition and Consumer Protection Commission.
| Notification date | Decision date |
|---|---|
| Tuesday August 29, 2023 | Thursday, September 14, 2023 |
| Parties Involved | Business activities |
|---|---|
| Next plc | Next plc is a UK-based retailer selling Next-branded menswear, womenswear, childrenswear, lingerie, footwear, homeware and furniture, gifts and flowers – both in-store and online. Next also has a third party “Label” offering through Next Online, where it sells a range of third-party brands and own-brand products. Next has 466 stores in the UK and Ireland and 206 franchised stores in 33 countries. Next has 22 retail stores in the State. |
| Pink Topco Limited | Pink Topco Limited is the owner of the Reiss brand, which is active in the sale of Reiss-branded menswear, womenswear, footwear and accessories in-store and online. Reiss is primarily active in the UK, where it has 104 retail stores. In addition, Reiss has nine stores in Ireland, nine stores in Germany, nine in the Netherlands and five in Italy (including concession arrangements). |
| Economic sector | Media merger |
|---|---|
| Other retail | No |
| Submissions from third parties due by: | |
|---|---|
| Phase 1 | Phase 2 |
| Tuesday, September 12, 2023 | |
| Current status: Completed |
|---|
| Cleared (Phase 1) |
| Authorised Officer Assigned | Contact Details |
|---|---|
| Eilís McDonnell | eilismcdonnell@ccpc.ie |
Media enquiries: communications@ccpc.ie
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