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EssilorLuxottica — M&A Activity 2022
Apr 4, 2022
1298_iss_2022-04-04_1f63edc3-ecea-402b-bec3-a6e9753231ab.pdf
M&A Activity
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EssilorLuxottica and GrandVision complete the transaction with ORIG BENE for the sale of stores in the Netherlands and Belgium
Charenton-le-Pont, France, Schiphol, the Netherlands and Graz, Austria (April 4, 2022 – 8:00 am) – EssilorLuxottica, GrandVision and the Optic Retail International Group BENE, a member of MPG Austria ("ORIG/MPG"), announced today that the companies have completed the transaction for ORIG/MPG to acquire 142 EyeWish stores in the Netherlands and 35 GrandOptical stores in Belgium. This follows the commitments agreed upon with the European Commission on March 23, 2021, as part of the acquisition of GrandVision by EssilorLuxottica. EssilorLuxottica, GrandVision and ORIG/MPG confirm that European Commission has approved the transaction.
| Contacts | ESSILORLUXOTTICA Giorgio Iannella - Head of Investor Relations e-mail: [email protected] Marco Catalani - Head of Corporate Communications e-mail: [email protected] |
GRANDVISION Annia Ballesteros – Investor Relations Director email: [email protected] Carola Okhuijsen – Head of Corporate Communications e-mail: [email protected] |
ORIG/MPG Marcel Norbart e-mail: [email protected] |
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| About EssilorLuxottica |
EssilorLuxottica is a global leader in the design, manufacture and distribution of ophthalmic lenses, frames and sunglasses. Formed in 2018, its mission is to help people around the world to see more and be more by addressing their evolving vision needs and personal style aspirations. The Company brings together the complementary expertise of two industry pioneers, one in advanced lens technology and the other in the craftsmanship of iconic eyewear, to set new industry standards for vision care and the consumer experience around it. Influential eyewear brands including Ray-Ban and Oakley, lens technology brands including Varilux and Transitions, and world-class retail brands including Sunglass Hut, LensCrafters and GrandVision are part of the EssilorLuxottica family. EssilorLuxottica has approximately 180,000 employees. In 2021, the Company generated consolidated pro forma revenue of Euro 21.5 billion. The EssilorLuxottica share trades on the Euronext Paris market and is included in the Euro Stoxx 50 and CAC 40 indices. Codes and symbols: ISIN: FR0000121667; Reuters: ESLX.PA; Bloomberg: EL:FP. For more information, please visit essilorluxottica.com. |
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| About ORIG BENE |
ORIG BENE was founded by the Dr. Michael Pachleitner private foundation and the Raiffeisen Invest Private Equity group as co-investors for the purpose of promoting international growth in the optical market. MPG, headquartered in Graz, is – as a part of the Dr. Michael Pachleitner private foundation - an internationally active manufacturer and wholesaler of products for the eyewear industry with over 50 years of experience. It has subsidiaries in five countries, and operates a design and development site in Austria, a lens production facility in Germany, a logistics centre in the Czech Republic and sales offices in Austria, Germany, France and Hong Kong. The company owns a number of internationally known brands, including the iconic brand Robert La Roche, and also fashion licensed brands. It also collaborates with other companies, primarily with Red Bull and Davidoff. MPG currently exports to over 70 countries and employs more than 3,000 people. With the brand Hallmann, MPG is also represented in the optics and acoustics retail market. Hallmann has grown to 110 shops in Germany and Denmark in the last 4 years. The expansion of the retail branch is an essential part of MPG's strategy. |
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