The takeover battle between the parent company of optical chains Eye Wish and Pearle, GrandVision and the maker of Ray-Ban sunglasses EssilorLuxottica, among others, has entered a new round. The latter has seized data from GrandVision, that company said in a statement on Thursday.
Just over a year ago, the French-Italian company EssilorLuxottica, from Ray-Ban, acquired the majority of the shares in GrandVision from the also Dutch investment company HAL. The takeover has yet to be approved by Brussels, which has taken two years.
In the meantime, the parties roll across the street. For example, it was announced in mid-July that EssilorLuxottica has taken GrandVision to court. The Mediterranean eyewear giant wants to know what measures the Dutch chain has taken during the corona crisis, in order to gain more insight into the ins and outs of the intended takeover call.
The parent company of Eye Wish and Pearle disagrees. On Thursday, in response to "market rumors", the company announced that EssilorLuxottica "has taken steps to obtain information related to GrandVision's measures regarding the impact of COVID-19 on operations".
It is very likely that GrandVision will respond to reports from the FD, which said on Thursday that bailiffs would have invaded the company and large shareholder HAL.
GrandVision states that although EssilorLuxottica now has the data, it should not be able to view it and says that it is confident that the court will not allow this either.