EssilorLuxottica : EssilorLuxottica challenges the decision of the French Competition Authority (FCA) against Luxottica
22 Julio 2021 - 9:38AM
EssilorLuxottica : EssilorLuxottica challenges the decision of the
French Competition Authority (FCA) against Luxottica
EssilorLuxottica challenges the
decisionof the French Competition
Authority (FCA) against Luxottica
Charenton-le-Pont,
France (July 22, 2021 –
4:30
pm CEST) – EssilorLuxottica
acknowledges that today the French Competition Authority (FCA)
issued a decision against several eyewear industry players,
including Luxottica Group.
The Authority imposes to Luxottica a Euro 125
million penalty for the group’s conduct which took place between
2005 and 2014 in the optical frames and sunglasses sector in
France. Today’s decision closes an investigation initiated in 2005
which was considered insufficient by the FCA in 2017.
EssilorLuxottica firmly believes it has always
conducted business according to the highest standard of compliance,
always supporting customers, partners as well as the entire market.
As such, the Company strongly disagrees with the Authority’s
decision and considers the sanction highly disproportionate and
groundless.
The Company will appeal the decision, confident
that it will successfully demonstrate that the decision is wrong
both from a factual and a legal perspective.
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, LensCrafters and
since 1st July (via a 76.72% interest) - GrandVision are part of
the EssilorLuxottica family. In 2020, EssilorLuxottica had over
140,000 employees and consolidated revenues of Euro 14.4 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
Head of Investor RelationsGiorgio
IannellaE-mail: ir@essilorluxottica.com |
Head of Corporate
CommunicationsMarco CatalaniE-mail:
media@essilorluxottica.com |
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