
Disruptor US eyewear brand Privé Revaux has expanded into Europe, having struck an exclusive deal with retailer GrandVision for its chains in the UK, Germany, Poland, Belgium, the Netherlands and Turkey.
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Disruptor US eyewear brand Privé Revaux has expanded into Europe, having struck an exclusive deal with retailer GrandVision for its chains in the UK, Germany, Poland, Belgium, the Netherlands and Turkey.
EU antitrust regulators have set a new deadline of July 24 to decide whether to clear Ray-Ban maker EssilorLuxottica’s 7.2-billion-euro (6.7 billion pounds) bid for Dutch opticians group GrandVision.
EU antitrust regulators are focusing on the impact of Ray-Ban maker EssilorLuxottica's 7.2 billion euro bid for Dutch opticians group GrandVision in Italy and Britain, according to an EU document seen by Reuters.
EU antitrust regulators on Tuesday extended their investigation into Ray-Ban maker EssilorLuxottica’s 7.2 billion-euro bid for Dutch opticians group GrandVision by two weeks to July 6, according to an EU filing.
EssilorLuxottica’s 7.2 billion euro bid for Dutch opticians group GrandVision faces a full-scale EU antitrust investigation after it declined to offer concessions to address concerns, sources told Reuters on Friday.
U.S. hedge fund Third Point LLC has amassed a stake in Ray-Ban maker EssilorLuxottica SA, people familiar with the matter said on Sunday.
EssilorLuxottica is buying Dutch opticians group GrandVision for up to 7.2 billion euros ($8 billion) in cash to take control of thousands of stores where it sells spectacles and lenses.
Shares in optician Grandvision started trading slightly higher than their offer price of 20 euros on Friday, valuing the retailer at around 5 billion euros.
The owner of eyewear business GrandVision aims to raise up to 1.3 billion euros through an initial public offering of up to 23 percent of its shares, the company said on Monday.