EssilorLuxottica Said to Be Reconsidering GrandVision Deal (2)

EssilorLuxottica SA, the maker of Ray-Ban sunglasses, is reconsidering its agreed 7.3 billion-euro ($8.8 billion) purchase of optical retailer GrandVision NV on legal and pandemic concerns, people with knowledge of the matter said.

The Franco-Italian company has become increasingly worried about the way the Covid-19 crisis has impacted GrandVision’s business, the people said, asking not to be identified as the matter is private.

GrandVision shares fell as much as 5.4% to 24.50 euros in Amsterdam Thursday morning, giving the company a market value of 6.3 billion euros. GrandVision agreed to a purchase price of at least 28 euros in ...