Skip to main content

EssilorLuxottica Buys GrandVision

PARIS – EssilorLuxottica, the eyewear giant formed by a merger between Italy’s Luxottica and France’s Essilor, has confirmed the acquisition of Dutch optical retailer GrandVision. The company has bought previous owner HAL’s 76.72 percent interest in GrandVision at a cash purchase price equal to 28 euros per share, it said on Wednesday. With this acquisition, EssilorLuxottica will add 7,200 stores to its existing retail network of 10,000 points of sale, as well as more than  37,000 employees and 3.7 billion euros in annual revenue. The company plans to expand its optical retail platform with a focus on Europe. After the completion of the transaction with HAL, which is expected to close in 12 to 24 months, EssilorLuxottica will launch a mandatory public offer for all outstanding GrandVision shares. “With GrandVision we will be able to develop our retail network, finally extended throughout the geographies, and fully enable our multichannel and digital platforms,” said Leonardo Del Vecchio, executive chairman of EssilorLuxottica. “We will raise the quality of in-store experience for products, brands and services for the benefit of all consumers and our wholesale customers.” Hubert Sagnières, executive vice chairman of EssilorLuxottica, said: “This acquisition is another step towards our ambition to eradicate poor vision in the world

Follow WWD on Twitter or become a fan on Facebook.

Read More...

from WWDWWD https://ift.tt/2ZlyFf5
Labels:

Comments

Post a Comment

Popular posts from this blog

Meghan Trainor makes seriously bizarre claim about her relationship with husband Daryl Sabara

Kinda cute kinda strange... Meghan Trainor has made a seriously strange claim about her relationship with her husband, Daryl Sabara. Credit: Getty The All About That Bass songstress tied the know with the Spy Kids actor last year and it seems that the pair are closer than close. The US Voice judge admitted that she feels “physically sick” when she is apart from her hubby, even when he pops to the bathroom for a shower. As the famous couple sat down for an interview together, they gushed over one another as Meghan explained, “We’re so lame. Even if he has to go and take a shower, I’ll be like: ‘I miss you!’” READ MORE CELEBRITY NEWS  View this post on Instagram Back in the UK with my @darylsabara A post shared by Meghan Trainor (@meghan_trainor) on Nov 27, 2019 at 7:53am PST Speaking to The Sun’s Fabulous magazine, the blonde pop star elaborated, “I feel physically ill when he leaves the room. The day just sucks when he’s no
Post a Comment
Read more

The 12 Best Press-On Nails You Can Buy On Amazon

If you purchase an independently reviewed product or service through a link on our website, WWD may receive an affiliate commission. While there’s nothing quite as satisfying as a fresh manicure, constant trips to the salon can become super expensive. This cost can make it hard to motivate yourself to try new things, and just generally prohibitive. That said, recently there have been tons and tons of press-on nail options popping up on Amazon. These are not the cheap press on nails from the early 90s; these are high-quality, durable and perhaps most importantly, absolutely beautiful. Amazon Prime members will get free shipping in just two days, so they’re the perfect option for those looking to throw on some nails before a big event or last minute gathering. Since they’re all attached with glue, they are super easy to apply. You simply dab a small amount of the provided glue onto the inside of the press on nail and place it on your real nail. To remove, just soak them in acetone for up
1 comment
Read more

Louise Redknapp wows fans with seductive lingerie snap

Louise Redknapp has wowed fans on social media. Credit: Getty The singer and songwriter has left fans gobsmacked with a gorgeous new snap that she posted to her social media. Taking to her Instagram account, Louise shared a striking photo with her nearly 700,000 followers that shows her modelling a set of barely there lingerie. Wearing a nudey peach lacy bra with a see-through mesh pair of matching briefs, the former Eternal singer lay on a hotel-style bed giving a sultry look to the camera. View this post on Instagram Saturday night out… just kidding I’m in my PJs 🤍 A post shared by Louise Redknapp (@louiseredknapp) on Nov 9, 2019 at 11:42am PST With muted smokey eye makeup and a subtle glow on her cheeks, the mum-of-two cut a seductive figure with her sultry getup. Joking in her caption that she was enjoying a night out earlier on in the weekend, the mum-of-two, who used to be married to former England footballer Jamie Redkn
Post a Comment
Read more