All GrandVision articles – Page 4

Article

EssilorLuxottica sues GrandVision over Covid-19 disclosure

2020-07-20T05:56:00Z

EssilorLuxottica has initiated legal proceedings before a district court in Rotterdam to obtain information from GrandVision regarding the management of its business during the Covid-19 pandemic and the extent to which it has allegedly ”breached its obligations under the support agreement.” The Franco-Italian eyewear company, which ...

Article

The EU extends deadline for Essilux-GrandVision probe to Aug. 20

2020-07-13T13:47:00Z

Once again the the European Commission has pushed back the deadline for completion of its in-depth anti-trust investigation into EssilorLuxottica ’s planned €7.2 billion takeover of GrandVision, according to a filing on its website. The deadline was postponed by a week, or five working days, to Aug. ...

News briefs

GrandVision obtains extra funding, covenant relief for 2020

2020-06-29T11:33:00Z

GrandVision has obtained an additional liquidity facility of €400 million as well as an amendment to its existing €1,200 million revolving credit facility (RCF), running to 2024, providing covenant relief for 2020. The additional liquidity facility is provided by five banks and will be available in the event ...

Article

EssilorLuxottica sees first signs of recovery

2020-06-26T05:47:00Z

EssilorLuxottica is seeing the “first signs of recovery” as lockdowns introduced worldwide to slow down the spread of the Covid-19 pandemic are lifted. In a prepared message delivered to shareholders at the company’s annual general meeting, the executive chairman Leonardo Del Vecchio and executive vice-chairman Hubert Sagnières ...

News briefs

For Eyes, Walgreens set up co-branded website

2020-06-23T06:25:00Z

For Eyes , the U.S. business unit of the GrandVision group, has expanded its partnership with the American drug store chain Walgreens by launching a co-branded website called Walgreens.foreyes.com. In a message on his LinkedIn account, Jorge Gervasi , For Eyes’ managing director, said that the website ...

Article

GrandVision sales in reopened stores drop by 13% early June

2020-06-15T11:38:00Z

GrandVision is enjoying a recovery in sales as its stores reopen, but the company has noted that consumers are continuing with e-commerce purchases, especially for contact lenses.