EssilorLuxottica and GrandVision sell stores in the Netherlands and Belgium
EssilorLuxottica, GrandVision and the Optic Retail International Group BENE, a member of MPG Austria (originally Michael Pachleitner Group), announced that they have entered into an agreement 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 23 March 2021, as part of the acquisition of GrandVision by EssilorLuxottica.
The agreement between EssilorLuxottica, GrandVision and ORIG/MPG also provides for transitional agreements to support the business continuity of the divested perimeters following the implementation of the transaction.
Completion of the transaction among EssilorLuxottica, GrandVision and ORIG/MPG is subject to the approval of the European Commission, as part of the commitments’ procedure. The transaction is expected to close in the first quarter of 2022.
