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JouéClub’s takeover of Ludendo’s toy stores wins conditional approval in France

( June 19, 2024, 15:30 GMT | Official Statement) -- MLex Summary: JouéClub’s plan to acquire exclusive control of toy stores in France — belonging to Ludendo and operated under the La Grande Récré or Starjouet brands — has won approval by the French competition authority. To obtain clearance, JouéClub agreed to divest stores operated under the La Grande Récré banner in the regions of Haute-Corse and Corse-du-Sud, Réunion Island and the towns in the communes of Aubenas, Rodez and Saint-Gaudens to one or several third parties active in the toy retailing sector. The transaction is part of the insolvency proceedings opened by the Paris Commercial Court.Statement follows. ...

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