EssilorLuxottica Says Rationale of GrandVision Deal Still Valid

The strategic rationale behind the GrandVision acquisition is confirmed, Pierluigi Longo, Head of M&A and Co-Chief Integration Officer at EssilorLuxottica says in a conference call on Friday, after GrandVision started arbitration proceedings against the maker of Ray-Ban sunglasses.

• EssilorLuxottica says it may take months to have visibility on the outcome of the arbitration
• NOTE, on July 30: Grandvision Starts Arbitration Against Bidder EssilorLuxottica
• EssilorLuxottica’s management sees improved business trend in July, is cautiously optimistic regarding the second half of 2020
• NOTE, earlier: EssilorLuxottica First Half Revenue Matches Estimates

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