EssilorLuxottica: EssilorLuxottica acknowledges arbitration from HAL and GrandVision and carries on with legal proceedings ag...
30 Luglio 2020 - 06:00PM
EssilorLuxottica: EssilorLuxottica acknowledges arbitration from
HAL and GrandVision and carries on with legal proceedings against
them
EssilorLuxottica acknowledges arbitration
from HAL and GrandVision and carries on with legal proceedings
against them.
Charenton-le-Pont, France (July 30, 2020
– 6pm) – EssilorLuxottica has been informed by HAL and
GrandVision of their intent to start arbitration proceedings
against the Company.
EssilorLuxottica regards these arbitration
proceedings as a surprising and obvious attempt by HAL and
GrandVision to detract from GrandVision’s breaches under the
Support Agreement and its failure to provide EssilorLuxottica with
required information.
EssilorLuxottica is acting in
full compliance with the Block Trade Agreement and the Support
Agreement and any suggestion to the contrary is baseless.
The Company carries on with the summary legal
proceedings it initiated in the Netherlands, to obtain information
from HAL and GrandVision. A court hearing is scheduled on August
10, 2020.
To date, EssilorLuxottica is yet to receive the
information it requested from GrandVision and HAL.
GrandVision and HAL’s reluctance to provide such
information has increased the Company’s concerns about their
motives and the extent to which GrandVision has breached its
obligations.
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, be more and live life to its fullest
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 and LensCrafters
are part of the EssilorLuxottica family. In 2019, EssilorLuxottica
had over 150,000 employees and consolidated revenues of Euro 17.4
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.
CONTACTS
EssilorLuxottica Investor
Relations(Charenton-le-Pont) Tel: + 33 1 49 77 42
16(Milan) Tel: + 39 (02) 8633 4870E-mail:
ir@essilorluxottica.com |
EssilorLuxottica Corporate
Communications(Charenton-le-Pont) Tel: + 33 1 49 77 45
02(Milan) Tel: + 39 (02) 8633 4470E-mail:
media@essilorluxottica.com |
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