×
32 817
Fashion Jobs
NORDSTROM
Loss Prevention Agent Orchard Corners Rack
Permanent · Lenexa
NORDSTROM INC
District Asset Protection Manager - Nyc
Permanent · New York
NORDSTROM
Loss Prevention Agent South Towne Rack
Permanent · Sandy
NORDSTROM
Loss Prevention Security Ambassador Southpark
Permanent · Charlotte
NORDSTROM INC
Security Ambassador 1
Permanent · Oklahoma City
NORDSTROM
Asset Prevention Security Ambassador Palladio Rack
Permanent · Folsom
NORDSTROM
Loss Prevention Security Ambassador City Creek Center
Permanent · Salt Lake City
NORDSTROM
Loss Prevention Asset Protection City Creek Center
Permanent · Salt Lake City
NORDSTROM INC
HR Business Partner - Supply Chain (San Bernadino Fulfillment Center)
Permanent · San Bernardino
COTY
Global Marketing Manager, Calvin Klein
Permanent · New York
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · Hamilton Township
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · Surprise
L'OREAL GROUP
Packaging Operator ii- up1
Permanent · North Little Rock
MARSHALLS
Loss Prevention Detective - Westwood, ma
Permanent · Westwood
MARSHALLS
lp Detective - Marshalls Greenbelt, md
Permanent · Greenbelt
MARSHALLS
lp Detective - Marshalls Silver Spring, md
Permanent · Silver Spring
VICTORIA'S SECRET
Brand Operations Manager-The Streets of Indian Lake
Permanent · Hendersonville
VICTORIA'S SECRET
Brand Operations Manager-Eastview
Permanent · Victor
VICTORIA'S SECRET
Digital Product Owner
Permanent · Reynoldsburg
ROSS STORES
Store Protection Specialist
Permanent · El Paso
ROSS STORES
Store Protection Specialist
Permanent · Las Vegas
ROSS STORES
Store Protection Specialist
Permanent · Stuart
By
Reuters
Published
Mar 23, 2021
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

EssilorLuxottica gains EU okay for $8.5 billion Dutch buy

By
Reuters
Published
Mar 23, 2021

Ray-Ban maker EssilorLuxottica secured EU antitrust approval on Tuesday for its 7.2 billion euro ($8.5 billion) acquisition of GrandVision after pledging to sell more than 300 stores in three countries to address competition concerns.


Reuters



Formed in 2018 from the merger of French lens manufacturer Essilor and Italian eyewear maker Luxottica, EssilorLuxottica also makes eyewear for luxury brands such as Chanel, Prada and Versace.

The company is at loggerheads with Dutch retail chain GrandVision over the latter’s management of the coronavirus crisis, with litigation currently before a Dutch court.

The European Commission said EssilorLuxottica pledged to sell a total of 351 stores in Italy, the Netherlands and Belgium to allay concerns that the deal may result in price hikes for frame retailers and reduce competition.

In Belgium, the GrandOptical chain of 35 stores will be sold without the brand name, while in Italy a total of 174 stores, which includes EssilorLuxottica’s VistaSi chain and 72 GrandVision stores will be put on the block.

In the Netherlands, 142 stores from the EyeWish chain will be divested.

The EU competition enforcer said the asset sales would limit the retail footprint of the merged entity and reduce its incentive to restrict competitors’ access to optical frames in Belgium, Italy and the Netherlands, while creating or boosting a rival.

© Thomson Reuters 2021 All rights reserved.