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The European Union only approved the 48-billion-euro merger of Essilor and Luxottica after a long study. 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EssilorLuxottica, which owns the Oakley and Persol brands and Varilux lenses, was formed last year from the merger of French lens maker Essilor and … On this page you can search for all merger cases. The Commission is concerned that the merger may reduce competition for the wholesale supply of … EssilorLuxottica SA, formerly known as Essilor International Compagnie Generale D Optique SA, is a France-based ophthalmic company. Update on the proposed acquisition of GrandVision by EssilorLuxottica. THANKS TO AN INCREASED WATCH AND AN EXCELLENT KNOWLEDGE OF THE SECTOR, WE ARE INTERESTED IN THE MAIN ECONOMIC AND TECHNOLOGICAL STAKES OF FASHION, FINE WATCHMAKING, JEWELRY, GASTRONOMY, COSMETICS, PERFUMES, HOTELS, PRESTIGIOUS REAL ESTATE...********[FR] Claire Domergue, spécialiste de la communication dans le secteur du luxe, s’est entourée d’experts pour créer le premier média consacré à l’actualité économique du Luxe et de la mode. This news service previously reported that the European Commission’s (EC) review, which could be a phase II candidate, is likely to focus on vertical foreclosure, although any horizontal overlaps would also be examined. EssilorLuxottica's eyewear and retail brands include Oakley, Sunglass Hut and Spectacle Hut. The big known-unknown is the response of the European Commission and, in particular, antitrust commissioner Margrethe Vestager. The European Commission’s competition regulator body did not give details for the move. Ce dernier attire tout particulièrement l’attention de ses lecteurs sur l’ensemble des acteurs majeurs de ces secteurs qui y partagent leurs expériences, visions et savoir-faire. On 6 February, the European Commission commenced an investigation into the proposed merger of EssilorLuxottica, the world’s largest supplier of ophthalmic lenses and eyewear, and GrandVision, Europe’s largest optical retail chain. Version: 1.0.12 Last modified: Wed Nov 25 2020 04:36:00 GMT-0800 (Pacific Standard Time) Mergers Merger Cases. On 6 February 2020, the Commission decided to initiate proceedings in the above-mentioned case after finding that the notified concentration raises serious doubts as to its compatibility with the internal market. Charenton-le-Pont, France, February 6, 2020 – EssilorLuxottica S.A. and GrandVision N.V. today confirm that the European Commission has initiated a Phase II … hosting providers, market and analyst service providers, database management and maintenance services). EssilorLuxottica acquired HAL Holdings’ 76.72% interest in GrandVision in July, 2019 and a European Commission investigation was launched in February, 2020 over competition concerns. NEW YORK—The European Commission regulators charged with reviewing the proposed acquisition of GrandVision (Euronext: GVNV) by EssilorLuxottica (ISIN: FR0000121667) moved last week to suspend its Aug. 27 deadline for completing its review of the transaction. Some of these recipients of the data may be located in countries outside the European Union/European Economic Area. EU antitrust regulators on Tuesday, February 25, extended their investigation into Ray-Ban maker EssilorLuxottica’s €7.2 billion (US$7.8 billion) bid for Dutch opticians group GrandVision by two weeks to July 6, according to an EU filing. An in-depth investigation into this acquisition, launched by the European Commission, has been ongoing since last February. The European Commission launched a full-scale investigation on Feb. 6 on worries that the deal could push up prices or reduce choice for consumers. The European Commission, the European Union’s top antitrust body, in March 2018 unconditionally cleared the merger that created EssilorLuxottica. How do I switch from corporate finance to public affairs? BRUSSELS, June 4 (Reuters) - EU regulators are set to warn Meeting with Sylvain Gandolfo Director of ISG Luxury Management, [The Luxury Journals] Pauline Laigneau (Gemmyo) : “Le Gratin brought me the fresh air I needed!”, Luxury hotels: Palaces focus on take-away sales, Gucci unveils first images of its outdoor-chic capsule with The North Face. NEW YORK—The European Commission regulators charged with reviewing the proposed acquisition of GrandVision (Euronext: GVNV) by EssilorLuxottica (ISIN: FR0000121667) moved last week to suspend its Aug. 27 deadline for completing its review of the transaction. A commission spokesperson also declined to comment. 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Companies, organizations, public authorities or individuals outside of the EssilorLuxottica Group (e.g. As expected (see EUROPE B12416A28), the European Commission opened on Thursday 6 February an in-depth investigation into the proposed acquisition of GrandVision (a Dutch company) by EssilorLuxottica (a French-Italian company). For JV and ECSC cases (old cases not available via the search page) follow this link: JV and ECSC cases. The new deal will give EssilorLuxottica control of more than 7,000 stores worldwide. She has published extensively in her fields of expertise. The European Commission will send a statement of objections outlining its concerns in … Learn more about our use of cookies: cookie policy, France’s Interparfums raises 2020 revenue forecast to over 340 million euros, LVMH – Tiffany agreement: the New York jeweler sold its shares for a total of 17.4 million dollars, Covid-19: Facing the dissatisfaction of hotel industry professionals, the French government reinforces its aid to the sector, International tourism: Luxury hotels are blooming in Bangkok, Stock market : Hermès’ good annual performance, Champagne remains the benchmark drink in Japan, The local customer at the heart of the luxury rebound, [THE LUXURY JOURNALS] 5 questions to Michel Navas, Master Watchmaker at “La Fabrique du Temps” Louis Vuitton, [THE LUXURY JOURNALS] Nathalie Remy : “Christofle is the oldest luxury start-up in the world”, Frank BOEHLY (French Leather Council): “The global leather ecosystem is under threat”, Chinese New Year: Coty unveils a limited edition lipstick line for Gucci, Paris, Milan and London: Fashion Weeks reorganize their calendars in response to the health crisis, Champagne : Ruinart dominated Google searches in 2020, Luxury : Five elements to include in your brand strategy in 2021, High-end automotive : The historic battle of French carmakers, The world of vintage watches is gaining popularity, Audemars Piguet is hiring, while the entry-level watch sector is suffering, The difficult transition of the luxury car sector to electric cars, To close its Climate Week, the LVMH Group highlights the environmental performance of its stores, Luxury retail : Lancel continues its conquest of innovation with Adyen, “Luxury, a necessary superfluity today?” : The 3rd wave of the Cetelem study, Mazars and Arianee join forces to analyse the transformation of the luxury sector. 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