24The Court has also held that, in view of that purpose, the concept of a ‘transfer … of a totality of assets or part thereof’ must be interpreted as covering the transfer of a business or of an independent part of an undertaking, including tangible elements and, as the case may be, intangible elements, which, together, constitute an undertaking or a part of an undertaking which is capable of carrying on an independent economic activity, but that it does not cover the simple transfer of assets, such as the sale of a stock of goods (see Zita Modes, paragraph 40, and SKF, paragraph 37).