Headlines EssilorLuxottica Sues GrandVision for Information on Handling of COVID-19 The companies announced an acquisition deal last year. Published 6 months ago on July 21, 2020 By INVISION Staff Share Tweet EssilorLuxottica has begun legal proceedings to obtain information from GrandVision, which it is seeking to acquire in an $8 billion deal, on how the company is dealing with the COVID-19 crisis. The action was filed in a District Court in Rotterdam, the Netherlands. “This is to assess the way GrandVision has managed the course of its business during the COVID-19 crisis, as well as the extent to which GrandVision has breached its obligations under the support agreement,” EssilorLuxottica stated in a press release. “Despite repeated requests, GrandVision has not provided this information on a voluntary basis, leaving EssilorLuxottica with no other option but to resort to legal proceedings.” GrandVision stated in its own press release that it “strongly disagrees with EssilorLuxottica’s demands and has full confidence that these claims will be rejected in court.” EssilorLuxottica announced in July 2019 that it would acquire Hal Optical Investments B.V.’s 76.72% interest in the optical retailer then launch a mandatory public offer for all outstanding GrandVision shares. Through the acquisition, EssilorLuxottica would expand its optical retail platform, primarily in Europe, by adding more than 7,200 stores globally, over 37,000 employees and $4.1 billion in annual revenue. The deal is being scrutinized by European antitrust authorities. Advertisement Related Topics:EssilorLuxotticaGrandVisionLatest News Top click to Comment(Comment) Up Next EyeCare Partners Acquires 6 Practices in Second Quarter Don't Miss Goggles No Longer Required for High School Field Hockey INVISION Staff Since launching in 2014, INVISION has won 23 international journalism awards for its publication and website. Contact INVISION's editors at [email protected]. Advertisement SPONSORED VIDEO SPONSORED BY TOPCON HEALTHCARE Perform Refraction from Anywhere with RDx Now more than ever, you need to grow your practice beyond your physical location and deliver quality eye exams from virtually anywhere. Topcon RDx® is an innovative ocular telehealth platform that allows you to connect to your office remotely and conduct comprehensive eye exams, without sacrificing the quality care you provide. You may like Ophthalmologist Convicted of Fraud Could Receive Pardon from Trump Pacific Vision Surgery Center Opens Doors to Bay Area Community 2020 Holiday Sales Grew 8% Despite Pandemic, NRF Reports Promoted Headlines Ray-Ban® Authentic Essilor Get More with Essilor Essilor 360° SUPPORT. 365 DAYS A YEAR. Essilor Advertisement Latest Trending Videos Headlines1 day ago Ophthalmologist Convicted of Fraud Could Receive Pardon from Trump Press Releases1 day ago Pacific Vision Surgery Center Opens Doors to Bay Area Community Press Releases1 day ago 2020 Holiday Sales Grew 8% Despite Pandemic, NRF Reports Sponsored Content2 days ago Ray-Ban® Authentic Headlines3 days ago Eyecare Center Offers Free Laser Surgery for NFL Referee After Controversial Call America's Finest 2019 Entries2 weeks ago America’s Finest: Before You Start America's Finest 2019 Entries3 weeks ago America’s Finest: Get Your Contest Entry in Great Shape America's Finest 2019 Entries2 weeks ago America’s Finest: Basic Info and Stats America's Finest 2019 Entries2 weeks ago America’s Finest: You Gotta Stand Out from the Crowd America's Finest 2019 Entries2 weeks ago America’s Finest: Photos Really Are Worth at Least a Thousand Words Sponsored Content2 days ago Ray-Ban® Authentic Sponsored Content1 week ago Get More with Essilor Sponsored Content1 month ago Perform Refraction from Anywhere with RDx Headlines3 months ago Video: Florida Man Invents Robot to Place Contact Lenses Headlines3 months ago Video: Some Retailers Board Up Due to Election Unrest Fears Advertisement SubscribeBULLETINS Get the most important news and business ideas for eyecare professionals every weekday from INVISION. Advertisement Most Popular Photo Gallery1 week ago 12 Images That Show Why Zionsville Eyecare in Zionsville, IN, Was Named One of America’s Finest Optical Retailers Press Releases1 week ago EnChroma Names Vision Industry Veteran Erik Ritchie as CEO Headlines3 days ago Eyecare Center Offers Free Laser Surgery for NFL Referee After Controversial Call Headlines6 days ago Massachusetts ODs Win Right to Treat Glaucoma Sponsored Content1 week ago Get More with Essilor Columns6 days ago 2021 Is a New Year… Let’s Make Your Marketing New, Too! Press Releases1 week ago Eco Helps Trees for the Future Reach 200M Trees Sponsored Content1 week ago 360° SUPPORT. 365 DAYS A YEAR.