As it took 100% control of GrandVision and offloaded 177 stores this month, EssilorLuxottica announced a leadership reshuffle for the optical retail giant, including a new CEO.
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EssilorLuxottica owns 99.7% of GrandVision, paving way for delisting
EssilorLuxottica has announced it now holds an almost 100% stake in GrandVision after the completion of a mandatory public offer period, opening the door to delist shares in the optical retailer on the Amsterdam Stock Exchange.
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EssilorLuxottica completes GrandVision deal
EssilorLuxottica has completed the acquisition of optical retail giant GrandVision, ending uncertainty sparked by a legal ruling that granted the eyewear giant the option to walk away from the €7.3 billion (AU$11.2 billion) deal altogether.
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EssilorLuxottica secures final GrandVision clearance; unveils sustainable acetate plans
The Turkish Competition Authority has cleared EssilorLuxottica’s GrandVision takeover. It’s the final country to approve the deal, but it won’t be finalised until arbitration proceedings are ironed out between the two companies.
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European Commission clears EssilorLuxottica’s GrandVision takeover, 350 stores to be divested
The European competition watchdog has cleared EssilorLuxottica’s acquisition of Europe’s largest retail optical chain GrandVision, on the condition that around 350 stores are divested across three countries.
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GrandVision strikes new partnership to pilot online vision testing
The world’s first CE-certified online eye test that allows customers to renew glasses and contact lens prescriptions online instead of in-store is being trialled in Finland and Poland.
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EssilorLuxottica weighs up appeal after GrandVision case dismissed
A Dutch court has dismissed a EssilorLuxottica court case demanding that its potential takeover target Grandvision disclose information over the way it conducted business during COVID-19, leaving the door open for an appeal.
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EssilorLuxottica and GrandVision deal hits stumbling block
EssilorLuxottica has launched legal action against global optician group GrandVision as it seeks information on how the firm has been managed during the COVID-19 pandemic.
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Commission probes proposed EssilorLuxottica-GrandVision acquisition
EssilorLuxottica has reaffirmed its goal to complete the acquisition of optical retail giant GrandVision within the next 18 months following the announcement of a new investigation by the European competition watchdog.
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