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EC clears merger between Essilor and Luxottica

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Staff Writer | Thursday March 1, 2018 2:16PM ET
Essilor and Luxottica
Merger   After an in-depth investigation

The European Commission has approved under the EU Merger Regulation the proposed merger between Essilor and Luxottica, two leaders in the optical industry.


The Commission concluded that the merger would not adversely affect competition in the European Economic Area or any substantial part of it.

Commissioner Margrethe Vestager, in charge of competition policy, said: "Our job is to ensure that a merger won't lead to higher prices or reduced choices. In this case for opticians and consumers in the EU.

"We've received feedback from nearly 4,000 opticians in a market test in Europe that Essilor and Luxottica would not gain market power to harm competition. As the result of the market test did not support our initial concerns we can let this merger go ahead unconditionally.”

This decision follows an in-depth investigation of the proposed merger between Essilor and Luxottica. Essilor is the largest supplier of ophthalmic lenses, both worldwide and in Europe.

Luxottica is the largest supplier of eyewear, both worldwide and in Europe, and has well-known brands in its portfolio such as Ray-Ban and Oakley. Both companies sell their products to opticians who then sell finished spectacles and sunglasses to consumers.

 

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