EssilorLuxottica Sues GrandVision to Get Information On Covid Management
20 Juillet 2020 - 07:56AM
Dow Jones News
By Giulia Petroni
EssilorLuxottica SA said Saturday that it has initiated legal
proceedings to obtain information over the way GrandVision NV has
managed its business during the coronavirus crisis.
The Franco-Italian optical giant said it filed proceedings
before a district court in Rotterdam, Netherlands, as GrandVision
didn't respond to multiple requests for information.
"This is to assess the way GrandVision has managed the course of
its business during the Covid-19 crisis, as well as the extent to
which GrandVision has breached its obligations under the support
agreement," the company said.
In response, GrandVision said it "strongly disagrees" with
EssilorLuxottica's demands and is confident the claims will be
rejected in court.
Last year, EssilorLuxottica agreed to acquire the Dutch eyewear
group.
European Union regulators are scheduled to decide whether to
clear the deal on Aug. 20 following a probe into concerns that the
acquisition could undermine competition.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
July 20, 2020 01:41 ET (05:41 GMT)
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