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The European Commission isn’t in a hurry to ‘investigate’ EssilorLuxottica – GrandVision merger


The European Commission investigation into the takeover of optical company GrandVision by eyeglass and lens manufacturer EssilorLuxottica is taking longer than planned. The deadline for the completion of the investigation has been postponed to August 27. The deadline has already been postponed several times.

The market watchdog previously announced that it would conduct an in-depth investigation into the incorporation of GrandVision by the Italian-French group. The committee is concerned that the takeover will leave less competition on the wholesale market for spectacle lenses and spectacles and that there will also be less choice for consumers.

The acquisition of GrandVision involves 7.2 billion euros. The company is active with brands such as Pearle and Eyewish.

Written by: Patrick O'Brien

Patrick O'Brien is a student who is taking only the first steps in journalism. The main interest is events from the world of macroeconomics and finance.

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World, As Seen from the most beautiful islands: Ireland and Cyprus

From Trinity st. to Limassol, Cyprus

Ireland and Cyprus have one thing in common. The most beautiful islands are divided. Even proportions are strikingly similar. Both nations strive for unity and a good glass of the news. More about us under the link.

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