Judgment of the General Court (Second Chamber) of 9 July 2025.#Target Brands, Inc. v European Union Intellectual Property Office.#EU trade mark – Invalidity proceedings – EU figurative mark representing three red and white concentric circles – Absolute ground for invalidity – No distinctive character – Article 7(1)(b) of Regulation (EU) 2017/1001 – Obligation to state reasons – Right to be heard – Article 94(1) of Regulation 2017/1001.#Case T-347/24.