EssilorLuxottica SA logo

EL - EssilorLuxottica SA News Story

€169.4 -4.3  -2.5%

Last Trade - 1:45pm

Sector
Consumer Cyclicals
Size
Large Cap
Market Cap £65.57bn
Enterprise Value £67.72bn
Revenue £14.52bn
Position in Universe 17th / 844

BRIEF-EssilorLuxottica to appeal against French anti-trust body's decision to fine company

Thu 22nd July, 2021 3:43pm
July 22 (Reuters) - EssilorLuxottica SA  ESLX.PA :
    * REG-ESSILORLUXOTTICA : ESSILORLUXOTTICA CHALLENGES THE
DECISION
OF THE FRENCH COMPETITION AUTHORITY (FCA) AGAINST LUXOTTICA
    * ESSILORLUXOTTICA FIRMLY BELIEVES IT HAS ALWAYS CONDUCTED
BUSINESS ACCORDING TO HIGHEST STANDARD OF COMPLIANCE,
    * COMPANY STRONGLY DISAGREES WITH AUTHORITY'S DECISION AND
CONSIDERS SANCTION HIGHLY DISPROPORTIONATE AND GROUNDLESS.
    * COMPANY WILL APPEAL DECISION, CONFIDENT THAT IT WILL
SUCCESSFULLY DEMONSTRATE THAT DECISION IS WRONG BOTH FROM A
FACTUAL AND A LEGAL PERSPECTIVE
    * THE COMPANY WILL APPEAL THE DECISION, CONFIDENT THAT IT
WILL
SUCCESSFULLY DEMONSTRATE THAT THE DECISION IS WRONG BOTH FROM A
FACTUAL AND A LEGAL PERSPECTIVE

Source text for Eikon:  ID:nGNE6bmcSN 
Further company coverage:  ESLX.PA 

 (Reporting by Sudip Kar-Gupta)
 ((sudip.kargupta@thomsonreuters.com;))
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