Italy's Marcolin Group has renewed in advance an exclusive license agreement with U.S. apparel retailer Guess for the design, manufacture and sale of Guess and Marciano branded spectacles, the eyewear company said on Thursday.
By Reuters Staff
(Recasts with CEO quotes, sources)
MILAN, April 29 (Reuters) - Generali Chief Executive Philippe Donnet said on Thursday he had already started working on a new strategic plan as tensions among investors in Italy’s largest insurer are seen rising in view of the renewal of the board next year.
Francesco Gaetano Caltagirone, Generali’s second-largest investor with a 5.6% stake, snubbed the company’s AGM on Thursday in the first public sign that the businessman is unhappy with the balance of power among shareholders, sources have said.
Another major shareholder, Leonardo Del Vecchio, who had also been critical of some of Generali’s strategic moves in the past year, attended the meeting and backed all items voted on, a source close to the Italian billionaire said.
By Reuters Staff
1 Min Read
FILE PHOTO: Sunglasses from Ray Ban are on display at a optician shop in Hanau near Frankfurt, Germany, March 18, 2016. REUTERS/Kai Pfaffenbach/File Photo
PARIS (Reuters) - EssilorLuxottica said on Monday Dutch eyewear group GrandVision - which the French-Italian spectacles maker is attempting to buy - has agreed to sell its Chile units to the main shareholder HAL Trust.
EssilorLuxottica, whose brands include Ray-Ban and Oakley, added that the closing of the acquisition of GrandVision was still pending a sign-off from Turkey’s competition authority, as well as decisions over ongoing arbitral proceedings.
EssilorLuxottica’s 7.2 billion euros ($8.6 billion) bid to control the Dutch eyewear group’s more than 7,000 outlets across the world was one of the largest takeover deals announced globally in 2019.
2 Min Read
FILE PHOTO: The Luxottica name is reflected in a pair of sunglasses in this photo illustration taken in Rome February 4, 2016. REUTERS/Alessandro Bianchi/File Photo
BRUSSELS (Reuters) - Ray-Ban maker EssilorLuxottica has offered to sell assets in three EU countries in a bid to gain EU antitrust approval for its 7.2-billion-euro ($8.7 billion) purchase of GrandVision, a person familiar with the matter said on Tuesday.
EssilorLuxottica submitted its offer to the European Commission on Monday, a filing on the EU executive’s site showed. The EU competition enforcer will decide by April 12 whether to clear or block the deal.
By Reuters Staff
1 Min Read
FILE PHOTO: The Luxottica name is reflected in a pair of sunglasses in this photo illustration taken in Rome February 4, 2016. REUTERS/Alessandro Bianchi
BRUSSELS (Reuters) - Eyewear maker EssilorLuxottica has offered to sell assets in three European Union countries in a bid to allay EU antitrust concerns about its 7.2-billion-euro ($8.7 billion) bid for Dutch Opticians group GrandVision, a person familiar with the matter said on Tuesday.
EssilorLuxottica submitted its offer to the European Commission on Monday, according to a filing on the EU executive’s site. The EU competition enforcer will decide by April 12 whether to clear or block the deal.