Hermes Wins Unconditional French Antitrust Approval to Buy J3L

French Competition Authority says it found no competition concerns after reviewing a plan by Hermes to acquire J3L, which manufactures high-end metal parts for handbags, briefcases, wallets and shoes.

• New entity will have market share of less than 25% in upstream market, Autorité de la concurrence says in Monday statement
• Several other manufacturers of metal parts will remain credible alternatives to J3L

To contact the reporter on this story:
Gaspard Sebag in Paris at gsebag@bloomberg.net

To contact the editors responsible for this story:
Anthony Aarons at aaarons@bloomberg.net

Peter Chapman, James Regan

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