Leeds STV
Image default

European competition authority has some concerns on EssilorLuxottica/GrandVision merger

The European Commission will warn eyeglass giant EssilorLuxottica that the acquisition of optical company GrandVision, known from the Pearle chain, may face competition concerns. This is reported by news agency Reuters on the basis of insiders. The European market watchdog will send that warning to the French-Italian company in the coming days.

A so-called statement of objections from the European Commission usually increases the pressure on companies. They can then make concessions to allow an acquisition to continue, such as divesting parts.

When EssilorLuxottica acquires the optical chains from GrandVision, the company has 7000 stores worldwide. In the Netherlands, GrandVision has chains such as Pearle and Eye Wish. In the GrandVision stores, the company already sells its Varilux lenses and glasses from brands such as Ray-Ban.

Mary Johnson

Mary Johnson is a native of Leeds, journalist and PhD candidate at the University of Glasgow. She is mainly interested in foreign affairs, geopolitics and investigative journalism.

Related posts

France is implementing a fishing blockade, threatens to cut of Channel islands power supply

Mary Johnson

Demand for the milk will rise to 1.2B tons by 2030

Mary Johnson

Michel Barnier is back in London

Mary Johnson

Leave a Comment

* By using this form you agree with the storage and handling of your data by this website.

This site uses Akismet to reduce spam. Learn how your comment data is processed.