Connect with us

Headlines

Essilor-Luxottica Deal Encounters Regulatory ‘Concerns’ in Europe, Reuters Reports

mm

Published

on

Regulators are seeking a meeting.

Regulators in Europe are reportedly worried that the proposed merger of Essilor and Luxottica would concentrate too much market power in the hands of the combined entity.

Reuters cites an unnamed source saying that European Union regulators want to have a meeting with the two vision giants in coming days.

It’s likely that the regulators are seeking “concessions to address their concerns,” according to Reuters. If the European Commission isn’t satisfied by what the companies offer, the next step could be a more detailed look at the merger.

In New Zealand, the Commerce Commission recently granted clearance for Essilor and Luxottica to merge their business activities in that country.

Advertisement

Luxottica, based in Milan, Italy, is the largest eyewear firm in the world, with a brand portfolio that includes names such as Ray-Ban and Oakley. Its retail division includes many well-known names, including LensCrafters, Sunglasses Hut and Pearle Vision.

Essilor, which makes lenses as well as instruments and equipment, is based in France. Its brand portfolio includes names such as Varilux, Crizal, Transitions and Foster Grant.

Read more at Reuters

SPONSORED VIDEO

Shamir Glacier Plus Metaform: Stronger. Thinner. Lighter.

It’s time for a new compromise-free lens technology that completely changes our concept of what's possible. Glacier Plus™ Metaform enables customers to enjoy strength and safety alongside the aesthetics of thin and light lenses. Now Available: The next technical revolution in the world of optics.

Promoted Headlines

Advertisement

Advertisement

Subscribe

INVISIONMAG.COM
BULLETINS

Get the most important news and business ideas for eyecare professionals every weekday from INVISION.

Advertisement

Most Popular