EssilorLuxottica has agreed to buy rival GrandVision in a €7.1bn deal that will underline the Franco-Italian group’s dominance as the world’s largest eyewear maker and retailer. The deal will see EssilorLuxottica, which was created in a 2017 merger, expand its retail platform, primarily in Europe, by adding more than 7,200 stores globally, over 37,000 employees and €3.7bn in annual revenue.
EssilorLuxottica has agreed to buy rival GrandVision in a €7.1bn deal that will underline the Franco-Italian group’s dominance as the world’s largest eyewear maker and retailer. The deal will see EssilorLuxottica, which was created in a 2017 merger, expand its retail platform, primarily in Europe, by adding more than 7,200 stores globally, over 37,000 employees and €3.7bn in annual revenue.
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