About: http://data.cimple.eu/news-article/f20669d89531c620527ff47b1292e21280e825a5b8e5b32b26258fba

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About: http://data.cimple.eu/news-article/f20669d89531c620527ff47b1292e21280e825a5b8e5b32b26258fba Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	The EU on Tuesday approved the buyout by Ray-Ban sunglasses maker EssilorLuxottica of Dutch optical retailer GrandVision, on condition that they sell 350 shops in Belgium, Italy and the Netherlands. The competition probe showed that, by acquiring a greater retail footprint, EssilorLuxottica could have limited the access of rival opticians to its branded eyewear products, a statement said. The companies agreed to the divestments, thereby winning the greenlight from Brussels, which had the power to stop the transaction. "The Commission concluded that the proposed transaction, as modified by the commitments, would no longer raise competition concerns," the statement said. The buyout of GrandVision follows the blockbuster merger of French lens-manufacturer Essilor and Italy's Luxottica, which owns Ray-Ban and Oakley sunglasses. They merged in 2018 to create a new global giant in the sector, but an internal power struggle nearly ripped the new company apart. arp/dc/lth
schema:headline	EU okays Ray-Ban maker buyout of retailer GrandVision
schema:mentions	Luxottica Ray-Ban Dutch language French language Brussels Belgium Netherlands Italy European Union Essilor EssilorLuxottica Oakley Observatory ARP Instruments
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-03-23 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	86 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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