Repeats earlier story correcting variety of shops t
Repeats earlier story correcting variety of shops to be bought off in paragraphs 1 and three
BRUSSELS, March 23 (Reuters) – EU antitrust regulators on Tuesday cleared with circumstances EssilorLuxottica’s ESLX.PA 7.2 billion euro ($8.5 billion) purchase of GrandVision GVNV.AS after the Ray-Ban maker agreed to promote greater than 300 shops in three international locations to handle competitors considerations.
Shaped in 2018 from the merger of French lens producer Essilor and Italian spectacles maker, EssilorLuxottica additionally makes eyewear for luxurious manufacturers comparable to Chanel, Prada and Versace.
The European Fee mentioned EssilorLuxottica pledged to promote a complete of 351 shops in Italy, the Netherlands and Belgium to allay considerations that the deal could end in worth hikes for body retailers and scale back competitors.
($1 = 0.8422 euros)
(Reporting by Foo Yun Chee; Enhancing by Jan Harvey)
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