February 6 (SeeNews) - Romania's competition authority said on Thursday that it will analyse the recent takeover of Great United Trading, Win Bright (Asia) Limited and, indirectly, Timeout Italia by Montecristo Retail RO.
"In order to determine if the concentration is compatible with a normal competitive environment, the competition authority will consider the notified transaction under the merger regulation," the Competition Council said in a statement.
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Montecristo Retail RO sells clothing and footwear under the Kenvelo, Lee Cooper and Timeout brands on the Romanian market.
Great United Trading sells clothing and footwear through its own network of stores in the Czech Republic and is one of Montecristo Retail's suppliers.
Win Bright (Asia) Limited is a trademark rights company with no other business activity.
Timeout Italia, owned by Great United Trading, is active on the clothing and footwear retail market in Italy.