EssilorLuxottica and GrandVision enter into an agreement with ORIG BENE, a member of MPG Austria, for the sale of stores in the Netherlands and Belgium Charenton-le-Pont, France, Schiphol, the Netherlands and Graz, Austria (23 December 2021 – 7:30 pm CET) – EssilorLuxottica, GrandVision and the Optic Retail International Group BENE, a member of MPG Austria (“ORIG/MPG”), announced today that they have entered into an agreement for ORIG/MPG to acquire 142 EyeWish stores in the Netherlands...
Final results of EssilorLuxottica’s public offer for GrandVision shares Following the Post-Acceptance Period that ended on December 20, the Offeror will hold in total approximately 99.84% of the issued share capital of GrandVision Settlement of the Shares tendered during the Post-Acceptance Period will take place on 23 December 2021 The last trading date of the Shares on Euronext Amsterdam will be on 7 January 2022 and listing and trading of the Shares will terminate as of 10 January 2022 The...
EssilorLuxottica and GrandVision enter into an agreement with Vision Group for the sale of stores in Italy Charenton-le-Pont, France, Milan, Italy and Schiphol, The Netherlands (17 December 2021 – 8 am CET) - EssilorLuxottica, GrandVision and Vision Group, one of the largest distribution networks for Italian opticians and a retail player under the VisionOttica banner, announced today that the companies have entered into an agreement for Vision Group to acquire the VistaSì chain in Italy,...
GrandVision enters agreement to acquire Swedish optical retailer Smarteyes Schiphol, the Netherlands - 15 December 2021. Today, GrandVision N.V. (Euronext: GVNV) and Synoptik Foundation announce that they together have entered into an agreement with Mellby Gård AB to acquire the Swedish optical chain Smarteyes through their subsidiary Synoptik A/S. The closing of the transaction is subject to customary regulatory approvals. Smarteyes was founded in 2007 and by the end of 2020 operated 87...
Delisting of GrandVision on 10 January 2022 Settlement of the Offer took place on 8 December 2021 Post-Acceptance Period will end on 20 December 2021 The last trading date of the Shares on Euronext Amsterdam will be on 7 January 2022 and listing and trading of the Shares will terminate as of 10 January 2022 The Offeror will initiate statutory buy-out proceedings in order to obtain 100% of the Shares Charenton-le-Pont, France and Schiphol, the Netherlands (13 December 2021 – 6:00pm] CET ) –...
Results of EssilorLuxottica’s mandatory public offer for GrandVision shares • Acceptance Period ended 3 December 2021 (at 17:40 hours CET) • 13.06% of the Shares have been tendered under the Offer during the Acceptance Period • Including the 86.67% of the Shares already held by the Offeror, the Offeror will hold a total interest of 99.73% • Settlement of the Offer will take place on 8 December 2021, at which date the Offer Price of Euro 28.42 per Share will be paid • Remaining Shares...
GrandVision reports strong comparable revenue growth in 3Q21 of 5.8% versus 3Q20 Schiphol, the Netherlands – 28 October 2021. GrandVision N.V. publishes its Third Quarter and Nine Months 2021 results. Due to the exceptional nature of the year 2020, GrandVision (the "Company") is also including comparisons versus 2019 in this press release. Third quarter and nine months 2021 highlights GrandVision’s 3Q21 comparable revenue grew by 5.8% compared to 3Q20 and 10.0% versus 3Q19 at 2019 exchange...
EssilorLuxottica launches recommended mandatory public offer for GrandVision shares Charenton-le-Pont, France and Schiphol, The Netherlands (October 7, 2021 – 8:30pm CEST) - With reference to the press release by EssilorLuxottica S.A. (the “ Offeror ”) of 1 July 2021 announcing the completion of the acquisition by the Offeror of a 76.72% ownership interest in GrandVision N.V. (“ GrandVision ”) from HAL Optical Investments, a wholly-owned subsidiary of HAL Holding, the Offeror and...
GrandVision reports strong 2Q and HY21 results with revenue and adj. EBITA acceleration Schiphol, the Netherlands – 6 August 2021. GrandVision N.V. publishes its Second Quarter and Half Year 2021 results. Due to the exceptional nature of the year 2020, GrandVision (the "Company") is also including comparisons versus 2019 in this press release. Second quarter and half year 2021 highlights Comparable revenue in the second quarter progressively returning to pre-pandemic levels at -1.2% versus...
Transaction between HAL and EssilorLuxottica closed Schiphol, The Netherlands, 1 July 2021 . GrandVision (Euronext: GVNV) announces today that the transaction between EssilorLuxottica SA (Euronext: EL) and HAL for the sale of HAL’s 76.72% interest in GrandVision (the “Transaction”) for a price equal to €28.42 per share has closed. Stephan Borchert, CEO of GrandVision, commented “With the Transaction between HAL and EssilorLuxottica completed, we are excited to lead GrandVision into a...
Update on arbitration proceedings between EssilorLuxottica and GrandVision Schiphol, The Netherlands, 21 June 2021 . Today, the arbitral tribunal in the proceedings GrandVision (Euronext: GVNV) and HAL initiated against EssilorLuxottica (Euronext: EL) on 30 July 2020 has declared by majority that GrandVision has breached its obligations under the Support Agreement it had entered into in connection with the sale of HAL’s 76.72% interest in GrandVision to EssilorLuxottica (the...
Schiphol, The Netherlands, 10 June 2021 . GrandVision (Euronext: GVNV) confirms that today the Turkish competition regulator (Rekabet Kurumu) has cleared the transaction between EssilorLuxottica SA (Euronext: EL) and HAL for the sale of HAL’s 76.72% interest in GrandVision (the “Transaction”). This clearance is effective immediately. As part of the clearance process, EssilorLuxottica has committed to a number of behavioral remedies. With the conditional approval of the Turkish competition...
GrandVision's Annual General Meeting (AGM) 2021 adopts all resolutions Schiphol, the Netherlands - 23 April 2021. GrandVision N.V. (Euronext: GVNV) announced today that its Annual General Meeting (AGM) has approved all resolutions on the agenda of the AGM. The adopted resolutions are listed below: • Adoption of the Annual Accounts for the financial year 2020 as drawn up by the Management Board and signed by the Managing Directors and the Supervisory Directors on 25 February 2021 • Advisory...
GrandVision reports 1Q21 revenue of €899 million and adjusted EBITA of €79 million Schiphol, the Netherlands – 23 April 2021. GrandVision N.V. publishes its First Quarter 2021 trading update. Due to the exceptional nature of the year 2020, GrandVision will also include in the present press release comparisons versus 2019. Highlights • GrandVision continues to show resilience in the first quarter despite the most recent COVID-19 related government restrictions in Europe and Latam • At...
GrandVision announces carve-out of Rotter Y Krauss as part of Chilean market regulator approval for transaction between EssilorLuxottica and HAL Schiphol, The Netherlands, 12 April 2021 . GrandVision N.V. (Euronext: GVNV) confirms that on Friday 9 April 2021, the Chilean market regulator FNE (Fiscalía Nacional Económica) has cleared the transaction between EssilorLuxottica and HAL for the sale of HAL’s 76.72% interest in GrandVision (the “Transaction”) following the commitment to divest...
Court of Appeal rules in favor of GrandVision Court of Appeal confirms District Court's ruling / Claims made by EssilorLuxottica fully dismissed Schiphol, The Netherlands, 6 April 2021 . Today, the Amsterdam Court of Appeal has dismissed all claims made by EssilorLuxottica SA (Euronext: EL) to receive additional information mainly in relation to GrandVision NV’s (Euronext: GVNV) actions to mitigate the impact of COVID-19 on its business. The ruling confirms the earlier ruling by the District...
European Commission approves acquisition of GrandVision majority stake by EssilorLuxottica Schiphol, The Netherlands, 23 March 2021. GrandVision N.V. (Euronext: GVNV) today confirms that the European Commission cleared the sale by HAL Optical Investments B.V. ("HAL") of its 76.72% ownership interest in GrandVision to EssilorLuxottica. This clearance is effective immediately. Stephan Borchert, CEO of GrandVision, says: “This is a significant milestone in the approval process for the...
GrandVision publishes Annual Report 2020 and convocation for virtual AGM Schiphol, the Netherlands - 9 March 2021. GrandVision N.V. (EURONEXT: GVNV) today announced that it has published its Annual Report 2020 including the Financial Statements 2020. The Annual Report is available for download and in digital form on GrandVision’s website: annualreport2020.grandvision.com . GrandVision has also published the convocation for the Annual General Meeting of Shareholders (AGM) on its website (...
GrandVision reports 2020 Revenue of €3,481 million and adjusted EBITA of €266 million Schiphol, the Netherlands - 26 February 2021. GrandVision NV (EURONEXT: GVNV) publishes Full Year and Fourth Quarter 2020 results. Full Year 2020 Highlights Revenue decreased by 12.2% at constant exchange rates to €3,481 million (FY19: €4,039 million) with a comparable revenue decline of 14.1% E-commerce sales grew by 85% while retail brands e-commerce sales more than doubled compared to the prior...
Schiphol, the Netherlands – 22 January 2021. GrandVision NV (EURONEXT: GVNV) publishes its preliminary and unaudited 4Q and FY20 revenue and comparable growth update. Fourth Quarter and Full Year Development Following a strong revenue recovery in the third quarter, GrandVision entered the fourth quarter with good momentum. The impact of the COVID-19 second wave subsequently built up through the quarter and slowed our progress resulting in 4Q revenue growth of 1.1% at constant exchange...
