EssilorLuxottica complete GrandVision acquisition

EssilorLuxottica has completed its €7.3 billion acquisition of Vision Express owners GrandVision by purchasing a 76.72% interest at €28.42 per share from HAL Optical Investments.

Francesco Milleri and Paul du Saillant, CEO and deputy CEO of EssilorLuxottica, said: ‘After assessing all our options, we have made the decision to proceed with the completion of the deal without further delay.’

The company said as the industry returned to growth after the pandemic, it was the perfect time to expand its retail network in order to engage more effectively with consumers and raise the visibility of the industry.