All GrandVision articles – Page 3
-
ArticleInternational sales drove Hoya’s lenses' business in Q1
Hoya Corporation reported a 12 percent year-on-year increase in group revenues for the last quarter of its 2020/21 financial year ended on March 31, 2021, or an 11 percent growth in constant currencies. The quarterly performance was driven by a solid growth in the group’s IT department, but the ...
-
ArticleGV reports improved margins on slightly lower sales in Q1
GrandVision reported slightly declining Q1 revenues for 2021 as compared to 2020, as its business was still significantly impacted by the consequences of the Covid-19 pandemic, particularly in Europe. However, the retail group almost doubled its EBITDA over the same period thanks to an overall improved product mix, continued ...
-
Article
ECOO, ZVA criticize EU decision in Essilux-GV case
The European Council of Optometry and Optics ( ECOO ), the Brussels-based umbrella association, and the Zentralverband der Augenoptiker und Optometristen ( ZVA ), the German association of opticians and optometrists, both released official statements at the end of last month criticizing the terms of the European Commission ...
-
News briefs
Chile conditionally approves Essilux-GV transaction
GrandVision announced yesterday that Fiscalía Nacional Económica , the market regulator for Chile, just approved the transaction agreed with EssilorLuxottica in July 2019, following the steps of Brazil, Colombia, Mexico, the U.S., and most recently the European Union. This decision leaves Turkey as the only country where the ...
-
News briefs
Dutch Appeal Court rules in favor of GrandVision in Essilux case
The Amsterdam Court of Appeal ruled yesterday in favor of GrandVision in the lawsuit opposing the retail group to EssilorLuxottica , confirming the earlier judgement by the District Court in August last year. The Franco-Italian group claimed that GrandVision had been retaining information in relation to the management ...
-
Article
Vision Group interested in Essilux and GV Italian stores
Vision Group , one of the leading Italian retail players, said that it was interested in studying the takeover of the 174 Italian stores to be divested if EssilorLuxottica and GrandVision eventually agree on the planned takeover. The divestment, which is a prerequisite for the European Commission to ...
-
ArticleEyewear industry stock prices up 10% in Q1
Following the publication for the first time of our industry stock market capitalization at the start of the year, we are providing here a quarterly update for the evolution of the stock price of 19 stock listed companies operating in our core market, showing its evolution between Jan. 1 and ...
-
ArticleEU green light for Essilux-GrandVision merger
Putting a final point to an investigation started in December 2019, the European Union (EU) announced yesterday evening its conditional clearance for the acquisition of GrandVision by EssilorLuxottica . The green light is conditioned to the divestment, proposed by EssilorLuxottica, of a total of 351 stores in Belgium, ...
-
ArticleGrandVision revises down slightly its Q4 results
In the fourth quarter, GrandVision posted revenues of €981 million, down by 1.8 percent at actual currency rates and up by 1.0 percent at constant currency rates. Comparable sales growth was 0.7 percent. In its preliminary results, released on Jan. 22, the Dutch optical retailer had estimated comparable ...
-
ArticleEU to decide on Essilux's takeover of GrandVision on April 12
The European Commission has set April 12, 2021 as the latest deadline for the end of an in-depth investigation into EssilorLuxottica’ s proposed €7.2 billion takeover of GrandVision . The deadline has been postponed several times. The proposed deal, referred to as case M.9569, was notified to ...
-
ArticleGrandVision maintains positive comparable sales growth in Q4
GrandVision enjoyed an 0.8 percent year-over-year increase in comparable revenues in the fourth quarter, in line with the performance posted in the previous three months, thanks to its core European markets. But on a reported basis, the top line declined by 1.7 percent as the group suffered from the ...
-
ArticleEyewear industry stocks grew by 6% in 2020
We are publishing here for the first time our ranking of the main stock-listed eyewear industry companies, based on their stock market capitalization in euros at the end of 2020. The corresponding table also shows the change in market value from the previous year, both in local currency and euros. ...
-
News briefsEssilorLuxottica reportedly reconsidering GrandVision deal
EssilorLuxottica is reconsidering the agreed acquisition for €7.2 billion of the optical retailer GrandVision , according to the news agency Bloomberg , which cited people with knowledge of the matter. Essilux still sees the rationale of the deal but is increasingly worried about the impact of the Covid-19 ...
-
ArticleGrandVision recovers faster than expected in Q3
GrandVision enjoyed a stronger-than-expected recovery in the third quarter, especially thanks to the performance achieved in the Benelux, Germany, Austria and Switzerland, but the company remains cautious as the second wave of the Covid-19 pandemic hits Europe. So far, one of the positive aspects of the pandemic has ...
-
News briefs
Rationale of Essilux, GrandVision tie-up remains unchanged
The strategic logic behind EssilorLuxottica ’s proposed acquisition of GrandVision has not changed despite the litigation between the two companies, Leonardo Del Vecchio , Essilux executive chairman, told the Italian daily Il Messaggero . Del Vecchio is the founder of Luxottica and is the main shareholder of Essilux ...
-
ArticleEssilorLuxottica ready to pursue lawsuit against GrandVision after losing first round
Yesterday, a Dutch district court rejected EssilorLuxottica ’s request to obtain information from GrandVision to determine whether the Dutch retailer had breached the terms an agreement in view of its takeover by Essilux. The court said that the large volume of corporate information that Essilux is seeking to ...
-
ArticleEssilorLuxottica has secured trade data held by GrandVision
EssilorLuxottica has secured information stored on servers managed by GrandVision in connection with legal proceedings involving the two companies. The Dutch eyewear retailer said that the measure was handled by an unamed independent third party. A backup of the information will be held by the third party ...
-
ArticleGrandVision’s online booking plays key role in customer conversion
GrandVision continues to see lower retail traffic across its business as a result of higher consumer uncertainty. But, this is being offset by higher customer conversion driven by the underlying need for eyecare and brand loyalty, the Dutch eyewear retailer said in comments accompanying its first-half results. The ...
-
ArticleEssilorLuxottica cautiously optimistic after Q2 sales halved
EssilorLuxottica is cautiously optimistic about the remainder of the year and expects its “transition on the way towards normalization” to continue in the third quarter after second-quarter revenues were nearly halved amid Covid-19 lockdowns. Yet given uncertainty on the evolution of the pandemic, with local lockdowns already re-imposed in ...
-
ArticleGrandVision starts arbitration proceedings against EssilorLuxottica
GrandVision has initiated arbitration proceedings against EssilorLuxottica ’s claims that the Dutch retailer had breached its obligations under the co-called “Support Agreement” in managing its business during the Covid-19 pandemic. GrandVision reiterated that it strongly disagrees with EssilorLuxottica’s accusations. It added that it has initiated the arbitration to ...
- Previous Page
- Page1
- Page2
- Page3
- Page4
- Next Page
