Tue. Oct 4th, 2022

Brussels, 14 September 2022

The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control of Hop Lun Limited (‘Hop Lun’) of Hong Kong by Platinum Equity Group (‘Platinum’) of the US. Hop Lun is a global company active in the production and sale of lingerie products and swimwear. Platinum is a global investment company. Platinum controls Elevate Textiles, which is a global company active in the manufacturing and supply of industrial apparel sewing thread. The Commission concluded that the proposed acquisition would raise no competition concerns, given its very limited impact on the market. The transaction was examined under the simplified merger review procedure. More information is available on the Commission’s competition website, in the public case register under the case number M.10898. 

Source – EU Commission