Decision Nº M/05/042 from Competition and Consumer Protection Commission, 2005-07-25

Decision NumberM/05/042
PartiesABF Holdings,St. James's Street Properties
StatusPreliminary investigation (Phase 1)
1
Determination No. M/05/042 of the Competition Authority, dated 25th July 2005,
under Section 21 of the Competition Act, 2002
Notification No. M/05/042 – Proposed acquisition by ABF Holdings Limited of
Littlewoods Stores Holdings Limited and St. James’s Street Properties Limited
Introduction
1. On 14th July 2005 the Competition Authority, in accordance with Section 18 (1)
of the Competition Act, 2002 (“the Act”) was notified, on a mandatory basis, of a
proposal whereby ABF Holdings Limited would acquire Littlewoods Stores
Holdings Limited and St. James’s Street Properties Limited (together
“Littlewoods”).
The Parties
2. ABF Holdings Limited is 100% owned by ABF Investments plc, which in turn is
99% owned by Associated British Food plc. ABF is an international food,
ingredients and retail group head-quartered in the United Kingdom. It operates
businesses in four segments: grocery; primary foods and agriculture; ingredients;
and retail. ABF has a number of businesses that are established in Ireland or
which make sales into Ireland. One of these is Penny’s, the retail clothing arm of
ABF in the State.
3. Littlewoods are wholly-owned subsidiaries of LW Finance Limited. Littlewoods
stores currently occupy 120 high street locations across the UK, which operate
under the Littlewoods brand. There are two Littlewoods stores in Northern
Ireland, however Littlewoods has no activities in the State.
Analysis
4. The proposed transaction does not give rise to competition concerns, since the
target Littlewoods has no activities in the State.

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