Luxottica Retail Australia Pty Limited - proposed acquisition of Optifashion Group

Status: 
Completed
Outcome: 
Not opposed on 17 November 2010
Reference number: 
40959
Industry: 
Optical
Commenced: 
16 August 2010
Total review days: 
27 days

Acquirer(s)

  • Luxottica Retail Australia Pty Ltd

Target(s)

  • Optifashion Group

Public competition assessment

Document title Date
Public Competition Assessment ( PDF 185.93 KB ) 18 Jan 2011

Timeline

DateEvent
16/08/2010ACCC commenced review under the Merger Review Process Guidelines.
02/09/2010ACCC requested further information from Luxottica. ACCC timeline suspended.
06/09/2010Closing date for submissions from interested parties.
10/09/2010ACCC received further information from Luxottica. ACCC timeline recommenced.
16/09/2010ACCC requested further information from Luxottica. ACCC timeline suspended.
21/09/2010Former proposed date for announcement of ACCC's findings 14 October 2010, delayed to allow for provision of further information by Luxottica. ACCC timeline remains suspended.
20/10/2010ACCC received a partial response to the information requested from Luxottica on 16 September 2010. ACCC requested further information from the merger parties. ACCC timeline remains suspended.
27/10/2010ACCC received the balance of the information requested from Luxottica on 16 September 2010. ACCC requested further information from Luxottica. ACCC timeline remains suspended.
29/10/2010ACCC received further information from the merger parties in response to the request for information on 20 October 2010.
02/11/2010ACCC received further information from Luxottica in response to the request for information on 27 October 2010. ACCC timeline recommenced.
17/11/2010ACCC announced that it would not oppose the proposed acquisition, after the ACCC's competition concerns were addressed by the exclusion of the target's optical dispensing outlets located in Karratha, Northam, Kwinana and Bunbury from the proposed acquisition.