×
80 628
Fashion Jobs
FOOT LOCKER
National Sales Manager – Digital
Permanent · Bradenton
NORDSTROM
Asset Protection - Agent - Great Lakes Crossing Rack
Permanent · Auburn Hills
NORDSTROM INC
Manager - Asset Protection - San Bernardino Fulfillment Center
Permanent · San Bernardino
NORDSTROM
Asset Protection - Agent - The Shops at la Cantera
Permanent · San Antonio
SALLY BEAUTY CORPORATE
sr. Manager Category Marketing
Permanent · Denton
TJ MAXX
70118-lp Detective
Permanent · Philadelphia
MARSHALLS
Loss Prevention Detective
Permanent · San Diego
HOMEGOODS
70118-lp Detective
Permanent · Bay Shore
MARSHALLS
Loss Prevention Detective
Permanent · Lakewood
FOOT LOCKER
Overnight Assistant Operations Manager
Permanent · Greensboro
BATH & BODY WORKS
Buyer Procurement
Permanent · Columbus
BATH & BODY WORKS
Senior Procurement Manager, Information Technology
Permanent · Columbus
BATH & BODY WORKS
Senior Buyer, IT Procurement
Permanent · Columbus
BATH & BODY WORKS
Maintenance Manager
Permanent · Columbus
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Crestwood
KOHLS
Category Sales Account Manager - Kohl's Media Network *Remote*
Permanent · Menomonee Falls
KOHLS
Manager, Category Account Sales - Kohl's Media Network *Remote*
Permanent · Menomonee Falls
KOHLS
Full-Time Loss Prevention Associate
Permanent · Findlay
KOHLS
Product Manager ii
Permanent · Menomonee Falls
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · Albuquerque
KOHLS
Compliance Analyst
Permanent · Menomonee Falls
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · Albuquerque
By
Reuters API
Published
Jul 19, 2020
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

EssiLux sues M&A target GrandVision to get Covid information

By
Reuters API
Published
Jul 19, 2020

EssilorLuxottica has filed a legal action to obtain information from its acquisition target GrandVision about its management of the coronavirus crisis, the French-Italian maker of Ray-Ban said on Saturday.



EssilorLuxottica announced a 7.2-billion-euro bid for GrandVision in July last year, aiming to control the Dutch eyewear group's more than 7,000 outlets across the world.

It filed the legal proceedings before a district court in Rotterdam, the Netherlands, after GrandVision did not respond to its requests for information on its handling of the pandemic, EssilorLuxottica said in a statement.

"This is to assess the way GrandVision has managed the course of its business during the Covid-19 crisis, as well as the extent to which GrandVision has breached its obligations under the support agreement," EssilorLuxottica said, referring to the M&A agreement.

"Despite repeated requests, GrandVision has not provided this information on a voluntary basis, leaving EssilorLuxottica with no other option but to resort to legal proceedings," it added, without elaborating.

Earlier this week EU antitrust authorities extended their investigation on the deal to Aug. 27.
The coronavirus pandemic has caused setbacks to M&A transactions in recent months, in some cases triggering requests from prospective buyers to amend agreed terms.

Sources have told Reuters that LVMH Chief Executive Bernard Arnault has been exploring ways to potentially pressure M&A target Tiffany to lower the agreed price of $135 per share for their planned deal.

EssilorLuxottica, formed last year from the merger of French lens maker Essilor and Italian eyewear group Luxottica, also owns the Oakley and Persol brands and Varilux lenses.

© Thomson Reuters 2022 All rights reserved.