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.
Under parent company EssilorLuxottica, Persol has experienced some key moments of growth within the past year, having opened its premiere New York boutique, and third Persol store globally, in November.
Growing demand for vision correction should boost sales of Ray Bans and other eyeglasses, EssilorLuxottica said on Wednesday, with profits also driven by cost cuts of up to 600 millions euros a year from 2022.
A French mediator has been appointed to try and resolve a power struggle at the top of the world's largest eyewear-maker EssilorLuxottica that has plunged the recently merged group into crisis, a source said.
The outdoor trade fair is limbering up for its January Snow Show, set to open on Wednesday, kicking off a schedule featuring panels, workshops and a reconceptualized fashion show looking at the latest in snow sportswear.
EssilorLuxottica, the spectacles company formed by the merger of Essilor and Italy’s Luxottica, said its search for a new chief executive would start next year as planned, dismissing rumours about a power struggle.
The British brand, which recently revealed an upcoming collaboration with Ralph Lauren, is set to open a store in Shibuya on Saturday, 3rd November, its third location following openings in London and New York.