European Commission is bothered by EssilorLuxottica brand shops. In order to acquire GrandVision eurocrats want EssilorLuxottica to get rid of the retail chain.

The European Union requires eyeglass giant EssilorLuxottica to sell stores in Italy and the Netherlands or France, otherwise the acquisition of GrandVision should not go ahead due to competition concerns. That reports business newspaper Financial Times on the basis of insiders. The acquisition of GrandVision involves 7.2 billion euros.

The European Commission and EssilorLuxottica declined to respond, according to the Financial Times. EU supervisors must decide before August 20 whether the takeover can proceed. The investigation began in February, when the committee pointed out that the Franco-Italian EssilorLuxottica is the largest eyeglass supplier in the world and that GrandVision is the largest European optical retailer.

The maker of Ray-Ban and Oakley has not yet committed to divesting stores. According to EssilorLuxottica, it is too difficult to sell stores during the corona crisis.

In the Netherlands, GrandVision owns chains such as Pearle and Eye Wish. GrandVision stores already sell Varilux lenses and glasses from brands like Ray-Ban, which are owned by EssilorLuxottica.

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