Connect with us

Press Releases

EssilorLuxottica Acknowledges Arbitration from HAL and GrandVision

A court hearing is scheduled on August 10, 2020.

mm

Published

on

(PRESS RELEASE) EssilorLuxottica has been informed by HAL and GrandVision of their intent to start arbitration proceedings against the company.

EssilorLuxottica regards these arbitration proceedings as a surprising and obvious attempt by HAL and GrandVision to detract from GrandVision’s breaches under the Support Agreement and its failure to provide EssilorLuxottica with required information.

EssilorLuxottica is acting in full compliance with the Block Trade Agreement and the Support Agreement and any suggestion to the contrary is baseless.

The company carries on with the summary legal proceedings it initiated in the Netherlands, to obtain information from HAL and GrandVision. A court hearing is scheduled on August 10, 2020.

To date, EssilorLuxottica is yet to receive the information it requested from GrandVision and HAL.

GrandVision and HAL’s reluctance to provide such information has increased the Company’s concerns about their motives and the extent to which GrandVision has breached its obligations.

Advertisement

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