Flags of the European Union / Credit: iStock
The Commission said it is concerned that the eyeglass maker’s purchase of eyeglass retailer GrandVision could result in higher prices.
February 06, 2020 at 04:48 PM
1 minute read
The European Commission has opened an in-depth investigation into a planned merger between GrandVision, Europe’s largest eyeglasses retail chain, and EssilorLuxottica, the world’s largest eyewear supplier.
The Commission believes the merger, which was announced in December, could reduce competition for the wholesale supply of ophthalmic lenses and eyewear as well as some retail optical products.
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