GrandVision news and archive

EssilorLuxottica, GrandVision ink deal with Vision Group for stores in Italy

(ESLOY.PK), GrandVision, and Vision Group, manufacturers and suppliers of optical materials under VisionOttica banner, said on Friday that they inked a deal, wherein Vision Group will acquire VistaSì chain in Italy. The acquisition includes the brand and all the 99 stores, and 75 GrandVision stores in the European country. The financial terms of...

Business

EssilorLuxottica to acquire 76.72 percent stake in GrandVision

EssilorLuxottica has announced that the company is acquiring HAL's 76.72 percent interest in GrandVision at a cash purchase price equal to 28 euros (31 dollars) per share – to be increased by 1.5 percent to 28.42 euros (31.7 dollars) if closing of the acquisition does not occur within 12 months from the announcement date. After the closing of...