All GrandVision articles – Page 2
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ArticleEssilux wraps up GrandVision buy-out, changes top management
EssilorLuxottica announced on April 14 the successful completion of its public offer for the GrandVision shares that it did not own yet and the buy-out of the retail group’s remaining shareholders. The Italo-French industry giant now holds 100 percent of GrandVision shares. The finalization of the takeover comes almost three ...
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News briefs
GrandVision’s remaining Eye Wish stores switch to Pearle Studio banner
GrandVision will be switching all its remaining 118 Eye Wish stores in the Netherlands to the upscale Pearle Studio banner before the summer, according to Retail Trends and other Dutch trade publications. The first rebranded Pearle Studio location opened in the Gelderlandplain mall in Amsterdam a few days ago. According ...
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ArticleEssilux comparable revenue up 7.4 % in 2021 vs. 2019
EssilorLuxottica has reported revenues of €19,820 million for the full 2021 financial year, up 40 percent year-on-year and 20 percent versus the pre-Covid 2019 year. The topline figure includes revenues of the GrandVision business for the first time, and for a total of €2,062 million corresponding to six months of ...
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ArticleTop 5 eyewear companies’ stock prices up 4.6 % in Q4
We are updating here our quarterly chart on the evolution of stock prices for the public companies in the eyewear market, including manufacturers, distributors or retailers of contact lenses, prescription lenses, eyeglasses and sunglasses. We are also publishing a ranking of these 22 companies based on their stock market value. ...
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ArticleMPG doubles down in retail, taking over 177 Essilux shops
Just a few days after the announcement of an agreement with the Vision Group for the takeover of 174 of their Italian stores, EssilorLuxottica and GrandVision have announced that they have found an acquirer for 177 of their retail locations in the Benelux. Both divestments had been agreed with the ...
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News briefs
Essilux concludes public offer for GrandVision shares
EssilorLuxottica has announced the expiration of the post-acceptance period of the group’s public offer for outstanding shares of GrandVision. At the end of the process, the company owns 99.84 percent of the Dutch-based retail group’s capital. EssilorLuxottica will now initiate statutory buy-out proceedings in order to obtain 100 percent of ...
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ArticleEssilorLuxottica divests shops in Italy, invests in Sweden
EssilorLuxottica and its retail subsidiary GrandVision announced on Dec. 17 that they have found an agreement for Vision Group to acquire their VistaSi chain in Italy, including the brand and 99 stores, as well as 75 GrandVision stores in the country. The financial terms of the transaction were not disclosed. ...
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News briefs
Former GrandVision CEO joins Rodenstock board
Rodenstock has appointed Theo Kiesselbach and Guillaume Daniellot to its advisory board, MAFO reports. Kiesselbach spent 15 years at GrandVision in several top executive positions, including CEO of the group from 2011 to 2018. Daniellot is currently CEO of Strautman Group, a leading supplier of dental implants. Rodenstock’s newly created ...
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News briefs
EssilorLuxottica share in GrandVision rises to 99.73%
EssilorLuxottica announced on Dec. 6 the results of its mandatory public offer for the remaining GrandVision’s share, following the expiry last Friday of the acceptance period started last Oct. 8. During the process, the Italo-French group acquired an additional 33.2 million shares in the Dutch-based retail group at €28.42 each ...
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ArticleDTC and America drove EssilorLuxottica’s Q3 growth
Reporting its results for the first time since the integration of GrandVision business, consolidated in the accounts since July 1, EssilorLuxottica reported a 33 percent increase in Q3 revenues to €5,473 million as compared to 2019 and in constant currencies. On a comparable basis, total sales in the quarter for ...
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ArticleGrandVision reports 10% comparable Q3 growth vs. 2019
GrandVision reported a 2.0 percent year-on-year increase in Q3 revenues to €1,068 million, also representing a 2.3 percent hike as compared to the €1,045 million reported for the pre-pandemic 2019 year. However, on a comparable currency basis, the group’s total quarterly sales grew by 5.8 percent as compared to Q3 ...
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ArticleSynsam targets €690-€840 million valuation
Synsam, the leading optical retailer in the Nordics which recently declared its intention to go public, published its Introduction Public Offering (IPO) prospectus yesterday and announced that the first day of trading at the Nasdaq Stockholm stock exchange is scheduled for next Oct. 29. The complete document is available in ...
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ArticleEssilux launches mandatory public offer for GrandVision shares
EssilorLuxottica and GrandVision jointly announced on Oct. 7 the launch of the recommended mandatory public offer for the purchase by the Italio-French group of all remaining shares in the Dutch retail group’s capital. As already communicated a few weeks ago, the price of the mandatory offer is set at €28.42 ...
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ArticleEyewear industry stock prices up 3.5% in Q3
We are publishing here our quarterly update on the evolution in stock prices of public companies operating in our core eyewear market, including manufacturers, distributors or retailers of contact lenses, prescription lenses, eyeglasses and sunglasses. As shown in the chart below, the non-weighted average growth for the 22 companies included ...
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News briefs
Essilux buys more GrandVision shares
EssilorLuxottica announced yesterday that it has acquired an additional 16,902,305 ordinary shares in GrandVision, at €28.42 each, as part of its mandatory public offer for all shares of the Dutch retail group. The additional shares, which were owned by multiple shareholders and purchased from a single broker, account for about ...
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ArticleGrandVision close to full Covid recovery in Q2
For its first results’ presentation since the takeover by EssilorLuxottica on July 1, GrandVision reported a strong rebound in both revenues and profits as compared to last year but fell short of returning to pre-pandemic levels. The recovery was driven by the easing of Covid-related restrictions in most countries, continuing ...
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ArticleLuxottica facing €125m penalty from French competition watchdog
L’Autorité de la concurrence, the French market competition regulator, sanctioned Luxottica yesterday with a €125 million penalty for anti-competitive behaviors in France between 2005 and 2014. EssilorLuxottica immediately announced that it would appeal the decision, highlighting that the group had always conducted its business according to the highest standards of ...
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ArticleQ2 Stock price update: Essilux hits record high
We are giving here our quarterly update on the evolution of the stock price of 19 public companies operating in our core market, which grew by 9.4 percent on average between March 31 and June 30. 2021 - Q2 stock price chart The quarter was marked by the ...
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ArticleEssilux-GV: transaction closed
As expected since EssilorLuxottica’s previous announcement two days ago, the group completed on July 1 the acquisition of HAL’s 76.72 percent stake in GrandVision at the price of €28.42 per share agreed in July 2019. The transaction will amount to a payment of approximatively €5.5 billion and the Italo-French group ...
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ArticleEssilux to close GV acquisition
EssilorLuxottica announced yesterday that its board of directors has approved the completion of the acquisition of HAL’s 76.72 percent stake in GrandVision at the price of €28.42 per share that was initially agreed on July 2019. The announcement was followed by a very short statement by GrandVision, in which the ...
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