EssilorLuxottica : 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
December 23 2021 - 1:30PM
EssilorLuxottica : 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
EssilorLuxottica and GrandVision enter
into an agreementwith ORIG BENE, a member of MPG
Austria, for the saleof stores in
the Netherlands and Belgium
Charenton-le-Pont, France, Schiphol, the
Netherlands and Graz, Austria (23
December 2021 –
7.30
pm) – 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 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.
Advisors to EssilorLuxottica and GrandVision:
Mediobanca - Banca di Credito Finanziario and Lazard acted as
financial advisors, Sullivan & Cromwell and Stibbe served as
M&A legal advisors, BonelliErede as antitrust advisor and
IG&H and Deloitte Finance as carve-out advisors. Additionally,
De Brauw Blackstone Westbroek continued to support GrandVision as
legal advisor.
Advisors to ORIG/MPG: mk05 as M&A and
financial advisor, Loyens & Loeff as M&A legal counsel and
MPG as due diligence and commercial support.
About
EssilorLuxotticaEssilorLuxottica 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 majority 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.
For more information, please visit www.essilorluxottica.com.
About GrandVisionGrandVision,
part of the EssilorLuxottica group, is a global leader in optical
retailing, delivering high quality and affordable eye care to
more and more customers around the world. The high-quality eye care
offered by GrandVision includes a wide range of services provided
by its vision experts. Our products include prescription glasses
including frames and lenses, contact lenses and contact lens care
products, as well as sunglasses both plain and with prescription
lenses. These products are offered through leading optical retail
banners which operate in more than 40 countries across Europe, the
Americas, the Middle East and Asia. GrandVision serves its
customers in over 7,200 stores and with more than 39,000
employees, proving every day that in EYE CARE, WE CARE
MORE. Since March 2021, GrandVision is a participant of the
United Nations Global Compact and we adhere to our principle-based
approach to responsible business. For more information, please
visit www.grandvision.com
About ORIG
BENE/MPGORIG BENE was founded by
the Dr. Michael Pachleitner private foundation and the Raiffeisen
Invest Private Equity group as co-investors for the purpose of
promoting international growth in the optical market. MPG,
headquartered in Graz, is – as a part of the Dr. Michael
Pachleitner private foundation - an internationally active
manufacturer and wholesaler of products for the eyewear industry
with over 30 years of experience. It has subsidiaries in five
countries, and operates a design and development site in Austria, a
lens production facility in Germany, a logistics centre in the
Czech Republic and sales offices in Austria, Germany, France and
Hong Kong. The company owns a number of internationally known
brands, including the iconic brand Robert La Roche, and also
fashion licensed brands. It also collaborates with other companies,
primarily with Red Bull and Davidoff. MPG currently exports to over
70 countries and employs more than 1,500 people. With the brand
Hallmann, MPG is also represented in the optics and acoustics
retail market. Hallmann has grown to 110 shops in Germany and
Denmark in the last 4 years. The expansion of the retail branch is
an essential part of MPG's strategy.
CONTACTS
EssilorLuxottica GrandVision
Giorgio Iannella - Head of Investor
Relations Annia
Ballesteros – Investor Relations Directore-mail:
ir@essilorluxottica.com e-mail:
annia.balesteros@grandvision.com
Marco Catalani - Head of Corporate
Communications Carola
Okhuijsen – Head of Corporate Communicationse-mail:
media@essilorluxottica.com e-mail:
carola.okhuijsen@grandvision.com
ORIG/MPG
Marcel Norbarte-mail: mn@mpg-eyewear.com
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