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

SPONSORED BY VARILUX

The Best Overall Progressive Lens, Now Powered by AI

Engineered with Behavioral Artificial Intelligence and utilizing new XR-motion™ technology, Varilux XR series goes beyond prescription and eye physiology to consider the patient’s visual behavior and design a progressive lens that respects how
their eyes naturally move.

Varilux XR series comes in two versions, Varilux® XR design and Varilux® XR track. The Varilux XR track lens provides an additional level of personalization by incorporating the exclusive Near Vision Behavior Measurement, providing up to 25% more near vision width3 according to the patient’s need, so patients get the highest level of customization.

Discover Varilux XR series and enjoy instantly sharp vision in motion4 and seamless transitions from near to far.

For more information, visit here.

Promoted Headlines

Advertisement

Advertisement

Subscribe

INVISIONMAG.COM
BULLETINS

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

Advertisement

Advertisement

Most Popular