S&C Advises EssilorLuxottica, the Maker of Ray-Ban, in Its €5.5 Billion Agreement to Acquire a Majority Interest in GrandVisionAugust 15, 2019
S&C represents EssilorLuxottica, the world's largest eyewear company, in its agreement to acquire Hal Investments' interest in GrandVision for approximately €5.5 billion. The agreement will give French-Italian EssilorLuxottica an almost 77 percent ownership interest in the Dutch company GrandVision, a leader in optical retail.
The S&C team is led by London partner Richard Pollack, Paris partner Gauthier Blanluet and London European counsel Oderisio de Vito Piscicelli.
After the acquisition from Hal is successfully completed, EssilorLuxottica will launch a mandatory cash public offer for all remaining shares in GrandVision. Through the acquisition, EssilorLuxottica will expand its optical retail platform, primarily in Europe, by adding more than 7,200 stores globally and more than 37,000 employees.