EssilorLuxottica SA logo

EL - EssilorLuxottica SA News Story

€139.88 1.7  1.3%

Last Trade - 14/05/21

Sector
Consumer Cyclicals
Size
Large Cap
Market Cap £52.72bn
Enterprise Value £55.77bn
Revenue £12.43bn
Position in Universe 18th / 850

BRIEF-Grandvision Says Informed Of Summary Proceedings Initiated By Essilorluxottica

Sat 18th July, 2020 11:39am
July 18 (Reuters) - Grandvision  GVNV.AS :
    * REG-GRANDVISION INFORMED OF SUMMARY PROCEEDINGS INITIATED
BY
ESSILORLUXOTTICA
    * "STRONGLY DISAGREES WITH ESSILORLUXOTTICA'S DEMANDS AND
HAS FULL
CONFIDENCE THAT THESE CLAIMS WILL BE REJECTED IN COURT"
    * ESSILORLUXOTTICA INITIATED PROCEEDINGS BEFORE COURT FOR
ADDITIONAL INFORMATION IN RELATION TO CO'S ACTIONS TO MITIGATE
COVID-19 IMPACT
    * RECEIVED NOTICE CLAIMING CO IS IN BREACH OF AN AGREEMENT
IN
CONNECTION WITH HAL OPTICAL INVESTMENTS ENVISAGED SALE OF STAKE
IN CO TO ESSILORLUXOTTICA
    * CO 'STRONGLY DISAGREES' IT BREACHED ITS OBLIGATIONS UNDER
SUPPORT AGREEMENT AND HAS RESPONDED ACCORDINGLY

Source text for Eikon:  ID:nGNEbQRQM3 
Further company coverage:  GVNV.AS 

 ((Reuters.Briefs@thomsonreuters.com;))
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