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EL - EssilorLuxottica SA News Story

€137.96 0.1  0.0%

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Consumer Cyclicals
Large Cap
Market Cap £51.83bn
Enterprise Value £54.87bn
Revenue £12.39bn
Position in Universe 18th / 849

EssiLux loses Dutch court case against acquisition target GrandVision

Mon 24th August, 2020 5:03pm
AMSTERDAM, Aug 24 (Reuters) - A Dutch court on Monday denied
EssilorLuxottica  ESLX.PA  the right to obtain more information
from its acquisition target GrandVision  GVNV.AS  about its
management of the coronavirus crisis.
    The French-Italian maker of Ray-Ban in a hearing earlier
this month said GrandVision's decisions to suspend payments to
store owners and suppliers and to apply for state aid could give
grounds for ending its proposed 7.2 billion euro ($8.5

 (Reporting by Bart Meijer; Editing by Susan Fenton)
 ((; +31 20 504 5006; Reuters
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