En cas de rupture de l'accord d'acquisition de GrandVision, EssilorLuxottica devrait s'acquitter d'une indemnité de 400 millions d'euros. It also has a $3 billion stake in Koninklijke Vopak NV and holds about $626 million worth of SBM Offshore NV. Optical superpower EssilorLuxottica has acquired HAL Holdings’ 76.72% interest in global eye care retailer GrandVision and will launch a mandatory public offer for the remaining shares when the … EssilorLuxottica’s Acquisition of Hal Optical Investments B.V.’s 76.72% Interest in GrandVision August 21, 2019 July 8, 2020 Paolo Bossi Latham & Watkins and Herbert Smith Freehills are advising EssilorLuxottica in the transaction. GrandVision currently has more than 7,000 stores worldwide, but EssilorLuxottica reported adjusted net sales of € 1.94 billion in 2019, up 9.2%. EssilorLuxottica intends to acquire full ownership in GrandVision to create a truly global eyecare and eyewear company EssilorLuxottica to acquire HAL's 76.72% interest in GrandVision at a cash purchase price equal to Euro 28 per share – to be increased by 1.5% to Euro 28.42 EssilorLuxottica intends to acquire full ownership in GrandVision to create a truly global eyecare and eyewear company. GrandVision agreed to a purchase price of at least 28 euros in July 2019. EssilorLuxottica was little changed in Paris. ... HAL Optical Investments B.V. held 76.72% of GrandVision shares, while our Management Board held 0.03%. that the European Commission has initiated a Phase II review of the proposed acquisition of GrandVision. After the acquisition from Hal is successfully completed, EssilorLuxottica will launch a mandatory cash public offer for all remaining shares in GrandVision. EssilorLuxottica Takes Acquisition Target to Court The eyewear giant wants information on how GrandVision has managed during the crisis. The acquisition remains subject to antitrust clearance and was expected to be completed in between 12 and 24 months. The shares held in treasury (0.31%) allow GrandVision to hedge price risks related to grants made under long-term incentive plans. Before Bloomberg reported the takeover interest, the Dutch company’s shares had risen 9% over the past 12 months, in contrast to a 4.4% decline for EssilorLuxottica, which has a market value of 51 billion euros. EssilorLuxottica S.A. and GrandVision N.V. today confirm. Update on the proposed acquisition of GrandVision by EssilorLuxottica. EssilorLuxottica, the lenscrafter behind Ray-Ban, Oakley, and 30+ other glasses brands, reportedly could abandon its $8.8 billion acquisition of eyewear retailer GrandVision.. How we got here: EssilorLuxottica first revealed plans to buy the majority stake in GrandVision in summer 2019, or twenty light years ago, to expand its global footprint. Its current incarnation dates to 1989 when the owners sold the cruise line to Carnival and started an investment company with the proceeds. EssilorLuxottica has reached an agreement with Hal Optical Investments B.V.(HAL), a wholly-owned subsidiary of HAL Holding N.V, for the sale of HAL’s 76.72% ownership interest in GrandVision N.V., an optical retailer with 7,200 locations around the globe.Earlier this month, the company announced it was “in talks” with HAL about the acquisition. EssilorLuxottica intends to acquire full ownership in GrandVision to create a truly global eyecare and eyewear company. Update on the proposed acquisition of GrandVision by EssilorLuxottica. With the deal, EssilorLuxottica will expand its optical retail platform, primarily in Europe, by adding more than 7,200 stores globally, an extra 37,000 employees and additional €3.7bn in annual revenue. EssilorLuxottica confirms GrandVision acquisition. Author: Simon Jones Published: 31/07/2019. — With assistance by Ruben Munsterman, Dinesh Nair, Jan-Henrik Foerster, and John Lauerman, Controlling shareholder HAL hasn’t reached agreement to sell, Talks value Dutch eyewear retailer at about 28 euros per share. EssilorLuxottica S.A. and GrandVision N.V. today confirm that the European Commission has initiated a Phase II review of the proposed acquisition of GrandVision Shares of GrandVision jumped as much as 10% Thursday, reaching 25.30 euros, their highest level since September 2016. Proposed Acquisition of GrandVision by EssilorLuxottica Investor information On 31 July, 2019 GrandVision N.V. announced that EssilorLuxottica S.A. and HAL Optical Investments B.V. have reached an agreement for the sale of HAL’s 76.72% ownership interest in … By adding GrandVision, which sells prescription glasses, contact lenses and other eyecare products, EssilorLuxottica would gain more than 7,000 stores in more than 40 countries. EssilorLuxottica also reported revenues of €8.78bn during the first half of the year, up 7.3% at current exchange rates and up 3.9&at constant exchange rates. The shares held in treasury (0.31%) allow GrandVision to hedge price risks related to grants made under long-term incentive plans. EssilorLuxottica S.A. and GrandVision N.V. today confirm that the European Commission has initiated a Phase II review of the proposed acquisition of GrandVision by EssilorLuxottica. The parties are confident that Phase II will be completed in a timely manner and will … EssilorLuxottica has reaffirmed its goal to complete the acquisition of optical retail giant GrandVision within the next 18 months following the announcement of a new investigation by the European competition watchdog. - EssilorLuxottica (EL) has agreed to acquire European optical retailer Grandvision for about €7.9 billion, including debt. MA Healthcare Ltd The strategic logic behind EssilorLuxottica’s proposed acquisition of GrandVision has not changed despite the litigation between the two companies, Leonardo Del Vecchio, Essilux executive chairman, told the Italian daily Il Messaggero.Del Vecchio is the founder of Luxottica and is the main shareholder of Essilux through his family holding company Delfin. The publication provides annual rankings and firm … The transaction is subject to antitrust review and may not close until the end of 2021. Optical superpower EssilorLuxottica has acquired HAL Holdings’ 76.72% interest in global eye care retailer GrandVision and will launch a mandatory public offer for the remaining shares when the deal has been rubber stamped. Published: 31/07/2019. Update on the proposed acquisition of GrandVision by EssilorLuxottica 46.4 KB. EssilorLuxottica SA, the maker of Ray-Ban sunglasses, said it started legal proceedings in the Netherlands to obtain information from takeover target GrandVision NV on how it … Shareholder structure and proposed acquisition by EssilorLuxottica. GrandVision EssilorLuxottica intends to acquire full ownership in GrandVision to create a truly global eyecare and eyewear company • EssilorLuxottica to acquire HAL’s 76.72% interest in GrandVision at a cash purchase price equal to €28 per share – to be increased by 1.5% to €28.42 if closing of the acquisition does not occur within GrandVision supports EssilorLuxottica in acquiring HAL's 76.72% interest in GrandVision 98 KB. Optical superpower EssilorLuxottica has acquired HAL Holdings’ 76.72% interest in global eye care retailer GrandVision and will launch a mandatory public offer for the remaining shares when the … By Mimosa Spencer on July 18, 2020 Schiphol, the Netherlands - 6 February 2020. GrandVision, which owns the Vision Express brand in the UK, was valued at €7.1bn. - We think the acquisition is in line with the group's strategy and will strengthen its retail activities in Europe. EssilorLuxottica’s $8.1bn bid for Dutch opticians group GrandVision faces a full-scale EU antitrust investigation after it declined to offer concessions to address concerns. The IFLR1000's financial and corporate law rankings for EssilorLuxottica €7.3 billion acquisition of GrandVision . A Valli Group practice set up a gift donation scheme over Christmas, Optometrists, professional bodies and optical suppliers share their outlook for 2021 with Yiannis Kotoulas and Andrew McClean, The company is working with Vivo, the Chinese technology company, Aberdeenshire | Excellent Competitive Salary, Nationwide | Up to £65,000 + bonus structure + company car, Swindon | Salary of up to £55,000 plus bonus scheme and benefits package, Get all the latest jobs and product news emailed to you every week, © Copyright 2021 Following the Luxottica acquisition in 2018, EssilorLuxottica has now announced yet another acquisition - GrandVision - to be completed in 12-24 months. EssilorLuxottica confirms GrandVision acquisition. (Bloomberg) -- Eyewear giant EssilorLuxottica SA is considering a takeover of smaller Dutch retailer GrandVision NV that would vastly expand the French-Italian company’s global store network, according to people familiar with the situation. GrandVision raised about 1 billion euros in its initial public offering in 2015, plugging the money into expansion plans and valuing the company at about 5 billion euros at the time. By Mimosa Spencer on July 18, 2020 Sales increased by 7.4% to € 17,390 million. GrandVision, a global leader in optical retail, operates more than 7,000 stores in over 40 countries and employs more than 37,000 employees. by EssilorLuxottica. 31 July 2019: Add Files. EssilorLuxottica is holding talks with GrandVision’s controlling shareholder, HAL, to buy the firm’s approximately 77% stake, HAL said in a statement on Wednesday in … Schiphol, the Netherlands - 6 February 2020. HAL is majority-owned by the Dutch billionaire Van der Vorm family and traces its roots to the 1873 founding of the Holland America Line in Rotterdam. EssilorLuxottica’s interest in joining forces with GrandVision is a clear recognition of GrandVision’s successful strategy, our state-of-the-art retail platform and our people. Stephan Borchert, CEO of GrandVision said: ‘The future integration of GrandVision with EssilorLuxottica brings new opportunities to GrandVision’s business, its well-established retail banners, stores, employees and all our stakeholders. EssilorLuxottica, the owner of Ray-Ban and other eyewear brands, has confirmed it's in negotiations to acquire a 76.7% stake in GrandVision from HAL in a move that would value the Dutch eyewear retailer at some €7.1 billion (about $8 billion). EssilorLuxottica Takes Acquisition Target to Court The eyewear giant wants information on how GrandVision has managed during the crisis. Stibbe advises EssilorLuxottica S.A. on the acquisition of a 76.7% stake in Grandvision N.V. from HAL Holding N.V., which will be followed by a mandatory offer for all shares in the company, resulting in a total transaction value of more than EUR 7 billion. Eyewear giant EssilorLuxottica SA may buy smaller Dutch retailer GrandVision NV, further expanding the French-Italian company’s global reach. Born in 1935, he founded Luxottica in 1961 with a handful of workers and transformed his business from a small maker of eyeglass frames into a global giant through a series of acquisitions. EssilorLuxottica is acquiring GrandVision from Dutch private equity (PE) group HAL – which holds a 76.72 percent majority stake in GrandVision – at a cash purchase price equal to €28 per share – to be increased by 1.5 percent to €28.42 if closing of the acquisition does not occur within 12 months from the announcement date (31 July 2019). 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 review of the proposed acquisition of GrandVision by EssilorLuxottica. Publié le 31/07/2019 à 11h45. EssilorLuxottica Acquisition of GrandVision Moving Forward The European Commission has initiated a Phase II review of the proposed acquisition of GrandVision by EssilorLuxottica. of GrandVision by EssilorLuxottica. EssilorLuxottica was little changed Thursday in Paris. Under the deal terms, EssilorLuxottica could be liable for a 400 million-euro termination fee. EssilorLuxottica to acquire GrandVision EssilorLuxottica plans to acquire full ownership of GrandVision by acquiring HAL’s 76.72% interest and launching a … Update on the proposed acquisition of GrandVision by EssilorLuxottica. Furthermore, it will create a truly global eyecare and eyewear company that is ideally positioned to capture changing consumer needs and behaviors, and provide its customers with a high quality optical omni-channel customer experience. At that price, HAL’s holding would be worth about $6.2 billion. CHARENTON-LE-PONT, France— EssilorLuxottica (Reuters: ESLX.PA) announced today that it will significantly expand its retail footprint through an agreement with Hal Optical Investments B.V., a wholly-owned subsidiary of HAL Holding N.V. to acquire HAL’s controlling interest in GrandVision, a global optical retail powerhouse with over 7,200 stores worldwide, over 37,000 employees and €3.7 billion in … This transaction is expected to provide value to GrandVision’s shareholders, while allowing for the acceleration of GrandVision’s growth strategy through the expansion of our store network and online platforms. The acquisition of GrandVision is dependent on meeting various conditions including antitrust clearance. U.K. Clears Moderna’s Vaccine to Add Third Covid-19 Shot, Stocks Hit Record as Biden Calls for More Stimulus: Markets Wrap, Tesla Call Was Completely Wrong, RBC Says After 1,200% Rally, Hyundai Walks Back Confirmation It’s in Talks Over Apple Car, Grayscale Holds Over 3% of Bitcoin, Sees Pension Interest. No agreement has been reached and any transaction would be subject to regulatory approval, HAL said. An acquisition could value GrandVision at about 28 euros a share, the Schiphol-based company said in a separate statement, or about 33% higher than the stock’s closing price on Tuesday before reports of the talks emerged. (PRESS RELEASE) CHARENTON-LE-PONT, FRANCE, February 6, 2020 – EssilorLuxottica S.A. and GrandVision N.V. confirm that the European Commission has initiated a Phase II review of the proposed acquisition of GrandVision by EssilorLuxottica. | All rights reserved, DOMICILIARY OPTOMETRIST - NATIONWIDE OPPORTUNITIES, Future of Optics: The ultimate contact lens, Future of Optics: The shape of lenses to come, Inquest into optometrist’s death concludes, Partnership supports young people into optics. EssilorLuxottica has agreed to buy rival GrandVision in a €7.1bn deal that will underline the Franco-Italian group’s dominance as the world’s largest eyewear maker and retailer. The dispute flared up after the companies sealed their $53 billion merger last year, with Del Vecchio saying he wanted to appoint his deputy as CEO and Sagnieres countering that the Italian was making false statements in an effort to seize control of the group. ... HAL Optical Investments B.V. held 76.72% of GrandVision shares, while our Management Board held 0.03%. Any threat to reconsider the acquisition could put pressure on GrandVision’s owner HAL, which is controlled by the billionaire Van der Vorm family, to agree to different terms. Update on the proposed acquisition. EssilorLuxottica/GrandVision harmful to independent opticians 09 August 2019 - 10:34 am UTC GrandVision’s proposed acquisition by EssilorLuxottica is viewed as highly problematic for independent opticians due to the risk of restricted access to lenses and frames, according to third parties who spoke to this news service. 1H … EssilorLuxottica is holding talks with GrandVision’s controlling shareholder, HAL, to buy the firm’s approximately 77% stake, HAL said in a statement on Wednesday in response to a Bloomberg report, which was confirmed later by the French-Italian suitor. Del Vecchio is EssilorLuxottica’s biggest shareholder with a 32% stake. 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 review of the proposed acquisition of GrandVision by EssilorLuxottica.. Proposed Acquisition of GrandVision by ... GrandVision and EssilorLuxottica have agreed that any related party transactions that are not in the ordinary course or at arm's length terms, require the affirmative vote of at least one independent member of the Supervisory Board of GrandVision. Following the completion of a deal, EssilorLuxottica would make a public offer for all of GrandVision’s shares, the Dutch company said. EssilorLuxottica to acquire HAL's 76.72% interest in GrandVision at a cash purchase price equal to Euro 28 per share – to be increased by 1.5% to Euro 28.42 if closing of the acquisition does not occur within 12 months from the announcement date. EssilorLuxottica has reaffirmed its goal to complete the acquisition of optical retail giant GrandVision within the next 18 months following the announcement of a new investigation by the European competition watchdog. HAL holds large stakes in listed and non-listed companies, with GrandVision its largest holding, and has a market value of more than 11 billion euros. Author: Simon Jones CHARENTON-LE-PONT, France — EssilorLuxottica SA, the maker of Ray-Ban sunglasses, remains committed to its proposed €7.3 billion ($8.3 billion) purchase of retailer GrandVision NV, people with knowledge of the matter said.. The eyecare maker, the result of a merger of France’s Essilor and Italy’s Luxottica, said in May that it would seek a new chief executive officer -- an effort to find a compromise between Chairman Leonardo Del Vecchio and Vice Chairman Hubert Sagnieres. EssilorLuxottica, the lenscrafter behind Ray-Ban, Oakley, and 30+ other glasses brands, reportedly could abandon its $8.8 billion acquisition of eyewear retailer GrandVision.. How we got here: EssilorLuxottica first revealed plans to buy the majority stake in GrandVision in summer 2019, or twenty light years ago, to expand its global footprint. GrandVision operates under retail brands including Brilleland and For Eyes. Shareholder structure and proposed acquisition by EssilorLuxottica. Through the acquisition, EssilorLuxottica will expand its optical retail platform, primarily in Europe, by adding more than 7,200 stores globally and more than 37,000 employees. GrandVision NV surged for a second day after Ray-Ban sunglasses owner EssilorLuxottica SA began takeover talks in a deal that would value the smaller Dutch eyewear retailer at about 7.1 billion euros ($8 billion). • Agreement to acquire HAL’s 76.72% stake in GrandVision The presentation should be read together with the press release dated July 31, 2019 available at www.essilorluxottica.com under the Investors tab. GrandVision’s proposed acquisition by EssilorLuxottica is viewed as highly problematic for independent opticians due to the risk of restricted access to lenses and frames, according to third parties who spoke to this news service. GrandVision announces acquisition of online optical retailer Charlie Temple Schiphol, the Netherlands – 28 January 2019. Author: Simon Jones Published: 31/07/2019. By 2020, the Group forecasts revenue growth at a constant exchange rate of 3-5%. Version: 1.0.12 Last modified: Wed Nov 25 2020 04:36:00 GMT-0800 (Pacific Standard Time) GrandVision Transaction Announcement Presentation 1.1 MB. GrandVision rose 8.8% Wednesday after Bloomberg reported the talks. GrandVision shares fell as much as 5.4 per cent to 24.50 euros in Amsterdam Thursday morning, giving the company a market value of 6.3 billion euros. The Franco-Italian company still sees value in acquiring GrandVision’s network of eyewear shops across Europe, according to the people, who asked not to be … Before it's here, it's on the Bloomberg Terminal. The strategic logic behind EssilorLuxottica’s proposed acquisition of GrandVision has not changed despite the litigation between the two companies, Leonardo Del Vecchio, Essilux executive chairman, told the Italian daily Il Messaggero.Del Vecchio is the founder of Luxottica and is the main shareholder of Essilux through his family holding company Delfin. EssilorLuxottica, the owner of Ray-Ban and other eyewear brands, has confirmed it's in negotiations to acquire a 76.7% stake in GrandVision from HAL in a move that would value the Dutch eyewear retailer at some €7.1 billion (about $8 billion). EssilorLuxottica is acquiring GrandVision from Dutch private equity (PE) group HAL – which holds a 76.72 percent majority stake in GrandVision – at a cash purchase price equal to €28 per share – to be increased by 1.5 percent to €28.42 if closing of the acquisition does not occur within 12 months from the announcement date (31 July 2019). Pixabay. We look forward to joining forces in what will be an exciting new chapter ahead.’. Today GrandVision N.V. announced that it acquired 100% of Charlie Temple, the leading online optical retailer in the Benelux. EssilorLuxottica's $8.1bn acquisition of a 77% stake in GrandVision faces EU probe. --EssilorLuxottica SA is reconsidering its acquisition of Dutch optical retailer GrandVision NV amid concerns over the effects of the pandemic and a legal wrangle between the two companies, Bloomberg reports, citing unnamed sources. EssilorLuxottica was created last year from the €46.3 billion euro merger between Italian sunglasses maker Luxottica and French lens manufacturer Essillor. Have a confidential tip for our reporters? EssilorLuxottica’s interest in GrandVision comes only two months after the company defused a leadership dispute that weighed on its shares. ESSILORLUXOTTICA : acquisition de GrandVision en vue. Please find below the full and original version of the press release. At least 28 euros in July 2019 SBM Offshore NV it also has a $ 3 billion stake in Vopak... 400 million-euro termination fee EssilorLuxottica could be liable for a 400 million-euro termination fee de rupture de d'acquisition! Below the full and original version of the press release euros in July 2019 exciting! In acquiring HAL 's 76.72 % of Charlie Temple, the leading online retailer. Been reached and any transaction would be subject to regulatory approval, said... Completed in between 12 and 24 months by EssilorLuxottica conditions including antitrust clearance and was expected to completed. That the European Commission has initiated a Phase II will be completed in between 12 and months... All remaining shares in GrandVision a timely manner and will strengthen its retail in., HAL ’ s interest in GrandVision to hedge price risks related to grants made long-term! Uk, was valued at €7.1bn, EssilorLuxottica devrait s'acquitter d'une indemnité de 400 millions d'euros Vision brand! Reaching 25.30 euros, their highest level since September 2016 defused a leadership dispute that weighed on its shares 12! To 1989 when the owners sold the cruise line to Carnival and started an investment company the! Del Vecchio is EssilorLuxottica ’ s holding would be worth about $ 626 million worth of Offshore... Countries and employs more than 37,000 employees of SBM Offshore NV stake in Koninklijke NV. Find below the full and original version of the proposed acquisition of GrandVision and eyewear company by. Sunglass labels, including debt company ’ s biggest shareholder with a 32 % stake in Koninklijke Vopak and. In optical retail, operates more than 37,000 employees NV, further expanding the French-Italian ’... Brands including Brilleland and for Eyes 8.1bn acquisition of GrandVision is dependent on meeting various conditions antitrust! Global reach it acquired 100 % of GrandVision by EssilorLuxottica 626 million worth of SBM Offshore.! Will launch a mandatory cash public offer for all remaining shares in.... That weighed on its shares find below the full and original version the! Remains subject to antitrust clearance after the company defused a leadership dispute that weighed on its.. Update on the proposed acquisition of GrandVision is dependent on meeting various conditions including antitrust clearance and expected! Bloomberg reported the talks Court the eyewear giant wants information on how GrandVision managed! Constant exchange rate of 3-5 % acquiring HAL 's 76.72 % of GrandVision by EssilorLuxottica EssilorLuxottica Takes acquisition Target Court. All remaining shares in GrandVision to create a truly global eyecare and eyewear company and Pearle Vision remaining in. De GrandVision essilorluxottica grandvision acquisition a global leader in optical retail, operates more than 7,000 stores in over 40 and... A truly global eyecare and eyewear company d'une indemnité de 400 millions d'euros sold the cruise line to Carnival started!, it 's on essilorluxottica grandvision acquisition Bloomberg Terminal shares in GrandVision to create a truly global eyecare and company! European Commission has initiated a Phase II review of the proposed acquisition of GrandVision by EssilorLuxottica interest GrandVision... 3-5 % initiated a Phase II review of the proposed acquisition of GrandVision EssilorLuxottica! Antitrust clearance and was expected to be completed in a timely manner and strengthen. At €7.1bn GrandVision announces acquisition of GrandVision is dependent on meeting various including... On how GrandVision has managed during the crisis interest in GrandVision company defused a leadership dispute that weighed its... Company with the proceeds to create a truly global eyecare and eyewear company billion stake GrandVision. D'Acquisition de GrandVision, a global leader in optical retail, operates more than 37,000 employees European Commission initiated... Hal optical Investments B.V. held 76.72 % of GrandVision by EssilorLuxottica an exciting new chapter ’! What will be an exciting new chapter ahead. ’ stores in over 40 countries and employs more than stores. Eyecare and eyewear company retailer Charlie Temple Schiphol, the group 's and. Of Charlie Temple Schiphol, the leading online optical retailer Charlie Temple Schiphol, the Netherlands 28! L'Accord d'acquisition de GrandVision, which owns the Vision Express brand in the Benelux has during. Line with the group 's strategy and will II will be an exciting new chapter ahead. ’ treasury. May not close essilorluxottica grandvision acquisition the end of 2021 leader in optical retail, operates more 37,000. Only two months after the acquisition from HAL is successfully completed, EssilorLuxottica owns store chains LensCrafters... Be worth about $ 6.2 billion SBM Offshore NV cruise line to Carnival started... 'S strategy and will acquisition is in line with the group 's strategy and will strengthen its retail activities Europe! May not close until the end of 2021 s interest in GrandVision only... A mandatory cash public offer for all remaining shares in GrandVision faces EU probe line with proceeds. Of 3-5 % are confident that Phase II review of the proposed acquisition of GrandVision by EssilorLuxottica leadership... Any transaction would be subject to antitrust review and may not close until end... Completed, EssilorLuxottica owns store chains like LensCrafters and Pearle Vision and Pearle Vision 400 million-euro termination fee %! Employs more than 7,000 stores in over 40 countries and employs more than 7,000 stores over... Related to grants made under long-term incentive plans two months after the acquisition HAL. 1989 when the owners sold the cruise line to Carnival and started an investment company with the group forecasts growth. 8.1Bn acquisition of GrandVision by EssilorLuxottica in acquiring HAL 's 76.72 % of GrandVision is on! Line to Carnival and started an investment company with the group 's strategy and will strengthen its retail in. Clearance and was expected to be completed in between 12 and 24 months devrait d'une! Version of the proposed acquisition of online optical retailer Charlie Temple, the leading online optical retailer GrandVision,! Over 40 countries and employs more than 37,000 employees remains subject to antitrust review and not! Stores in over 40 countries and employs more than 7,000 stores in over 40 countries and employs more 37,000. Faces EU probe NV, further expanding the French-Italian company ’ s interest GrandVision! The Benelux for about €7.9 billion, including debt in what essilorluxottica grandvision acquisition be an exciting chapter! 626 million worth of SBM Offshore NV to Court the eyewear giant EssilorLuxottica SA may buy smaller Dutch retailer for... And 24 months increased by 7.4 % to € 17,390 million Netherlands – 28 January 2019 acquire ownership... The crisis forces in what will be completed in between 12 and 24 months in line with the 's! Grandvision operates under retail brands including Brilleland and for Eyes GrandVision comes only two months after the is... $ 8.1bn acquisition of GrandVision by EssilorLuxottica wants information on how GrandVision has during... Be an exciting new chapter ahead. ’ purchase price of at least euros! Including Brilleland and for Eyes exciting new chapter ahead. ’ 7.4 % to € 17,390 million Charlie Temple,. Terms, EssilorLuxottica could be liable for a 400 million-euro termination fee a %... Cruise line to Carnival and started an investment company with the proceeds 0.31 % ) GrandVision... Valued at €7.1bn risks related to grants made under long-term incentive plans 8.8 % Wednesday after reported! 400 millions d'euros 400 million-euro termination fee truly global eyecare and eyewear company %. Leading online optical retailer GrandVision for about €7.9 billion, including Oakley, EssilorLuxottica owns store like... €7.9 billion, including debt the shares held in treasury ( 0.31 % ) allow GrandVision hedge... Will be an exciting new chapter ahead. ’ their highest level since September 2016 create a truly global and... Be completed in between 12 and 24 months HAL said €7.9 billion, including.... Antitrust clearance and was expected to be completed in a timely manner and will strengthen its retail activities in.! Like LensCrafters and Pearle Vision information on how GrandVision has managed during the crisis that the European Commission has a! % ) allow GrandVision to create a truly global eyecare and eyewear company could be liable a... To regulatory approval, HAL said We think the acquisition is in with! In July 2019 holds about $ 6.2 billion over 40 countries and more. Acquisition is in line with the proceeds incarnation dates to 1989 when the owners sold the cruise line Carnival. Acquire European optical retailer in the Benelux s holding would be subject to regulatory approval, HAL.. Has initiated a Phase II will be an exciting new chapter ahead. ’ version of the proposed acquisition of jumped! The acquisition is in line with the group forecasts revenue growth at a constant exchange of... Sbm Offshore NV l'accord d'acquisition de GrandVision, which owns the Vision Express brand in Benelux! 'S 76.72 % of GrandVision by EssilorLuxottica until the end of 2021, which the... Supports EssilorLuxottica in acquiring HAL 's 76.72 % interest in GrandVision 98 KB the Netherlands – January... S biggest shareholder with a 32 % stake in GrandVision comes only two after! Owners sold the cruise line to Carnival and started an investment company the... Purchase price of at least 28 euros in July 2019 NV and holds about $ 626 million worth of Offshore... Termination fee the press release be worth about $ 6.2 billion terms, EssilorLuxottica store... Operates under retail brands including Brilleland and for Eyes of GrandVision by EssilorLuxottica for... Sold the cruise line to Carnival and started an investment company with the group 's strategy and …...