Antitrust agency permits EssilorLuxottica to buy Ukrainian Luxoptica
Christian Fernsby ▼ | December 30, 2019
The Antimonopoly Committee of Ukraine has permitted EssilorLuxottica French-Italian holding, a large player on the global eye-glass, optic equipment market, to acquire Luxoptica, the largest Ukrainian eye-glass network with 176 shops.Article continues below
Topics: ESSILORLUXOTTICA LUXOPTICA
According to a report of the committee, the regulator permitted Essilor Nederland Holding B.V. (the Netherlands), fully owned by EssilorLuxottica, to acquire over 50% in International Optical House Holding B.V. (the Netherlands).
According to registers, International Optical House Holding B.V. became fully owner of Luxoptica Holding LLC (Kyiv) in December 2019.
In addition, the committee on Friday also permitted OH Holding Limited (Nicosia, Cyprus) to acquire a stake in the charter capital of Luxoptica Holding (Kyiv, Ukraine), which will grant over 50% of the votes in the management body of the company.
According to the unified public register of legal entities and private entrepreneurs, the ultimate beneficiaries of Luxoptica Holding are Nadia Shalomova, wife of businessman and former head of the presidential administration of Ukraine Borys Lozhkin, and co-owner of the Dobrobut medical network Oleh Kalashnikov.
Luxoptica was not immediately available for comment.
EssilorLuxottica is a global leader in the design, manufacture and distribution of ophthalmic lenses, frames and sunglasses. In particular, the company is known for such brands of glasses as Ray-Ban and Oakley, optical technologies Varilux and Transitions and ophthalmic retail chains Sunglass Hut and Lenscrafters.
EssilorLuxottica supplies its products to a wide network with more than 10,000 stores, and also sells its products in line with the omnichannel sales model.
The French Essilor acquired the Italian company Luxottica Group in 2017 for EUR 22.8 billion, creating the largest European lenses manufacturer as a result of the transaction. ■ What to read next
Francine will continue to weaken today as its low pressure center meanders east across northern Arkansas.
Latest U.S. drillers add oil and gas rigs for first time in five weeks to 590
Iowa Governor leads trade mission to India
Minnesota Governor Walz announces new program to support new farmers
Nestlé Waters to pay €2 million fine to resolve French mineral water case
5 arrested for corruption in Bosnia and Herzegovina highway construction
U.S.: Flooding threat and extreme heat
European aviation regulator orders Airbus A350-1000 inspections after Cathay Pacific incident
U.S.: Heat, humidity, severe storms
Bulgaria: EPPO seizes assets in investigation into €2.6 million fraud involving water supply
UK secures $10.5B Amazon investment
Slovak FM: Russian oil supply to Slovakia secured
U.S. oil rigs number fell by 1
Massachusetts and Rhode Island announce largest offshore wind selection in New England history
Jordan, UAE sign $2.3bln railway deal
Trending Now
Netherlands expands export control measure for advanced semiconductor manufacturing equipment
Minnesota Governor announces new funding to expand biofuel availability
Texas to invest record $148 billion in transportation infrastructure
Minister Boissonnault reducing number of temporary foreign workers in Canada
Canada imposes 100 percent tariffs on Chinese EVs
Today We Recommend Highlights
Siemens to build first U.S. high-speed rail manufacturing facility in New York, creating 300 jobs
Czech government and ČEZ in security agreement for development of small and medium-sized modular reactors
Lidl lays cornerstone for logistics base in Hungary, will create 400+ jobs
Epiphone inspired by Gibson Custom Collection Jimi Hendrix “Love Drops” Flying V available worldwide
Huawei and partners successfully test new wild fire detection solution in Greece
MainStreaming appoints Ian Franklyn as CRO
APO Group appoints Bas Wijne as CEO
Rikard Lundqvist new CEO of Optronic
Gabriel Millan joins Mars as CFO for petcare business
Applied Materials appoints Florent Ducrot as head of European operations
Kuwait reports $5.2 bln budget deficit in FY 2023-24
Eurozone reports modest Q1 GDP growth, stable annual inflation
Italy sees faster economic growth in Q1
Slovenia's economy expected to grow 0.9 pct in Q1
Italy faces deficit infringement procedure
Lockton revenue $3.55 billion
Motorcar Parts of America Q4 sales $189.5 million
Limoneira Q2 revenue $44.6 million
Lululemon athletica Q1 revenue increased 10% to $2.2 billion
PVH Q1 GAAP EBIT $205 million
Niger set to monetize massive gas reserves through Saharan natural gas pipeline
Putting the brakes on EV folly that choked the market
Oil discovery in Kavango Basin may mean huge benefits for Namibians
Cape Town and Dubai battle over Africa's energy future
Is America going to lose its superpower status?
Nebraska takes action to address lab-grown meat sales
Russia secures right to export fish to Mexico
Hong Kong suspends import of poultry meat and products from areas in U.S., France and Poland
Panama opens market to Brazilian pork
New Zealand temporarily suspends all Australian imported tomatoes
Some organizations may need to expand their hierarchical structures earlier than others
Study finds there's right way and wrong way to deliver negative feedback in workplace
Allyship is critical and its needs appreciation
Generating 'buzz' about new products can influence their success
Hiring 'problem directors' can knock up to 64% off firm's value
SEC charges John Deere with FCPA violations for subsidiary’s role in Thai bribery scheme
AG Bonta secures $3.9 million settlement with cryptocurrency company Robinhood
Italy issues $6.4 million fine over Chinese cars badged as Italian
EU Commission fines Mondelēz €337.5 million for cross-border trade restrictions
HSBC pays penalties for alleged breaches of Consumer Data Right rules
Magazine
Morocco’s first Radisson branded hotel opens in Casablanca
Buna channels, an unreal and beautiful part of Bosnia and Herzegovina
JW Marriott unveils Mindful Haven with opening of JW Marriott Hotel Nairobi
Sotheby's Sports Week returns with fantastic artifacts
Red Roof properties open in Michigan
2025 Chevrolet Equinox stands apart with fresh looks and capability
Hill Helicopters HX50, luxury in the sky
Opel Movano becomes fully equipped camper van
Porsche Panamera, new hybrid variants
Dodge Charger, 670 horsepower of electric
Embellish your home with PVC panels
You'll have to hurry if you want one of 20 new Louis Vuitton watches
Luxury duvet looks good, fells good and keeps you healthy
Vacheron Constantin, watches for life and more
Schüller kitchens, where functionality marries design
reMarkable 2, monochrome tablet for your thoughts and your eyes
OnePlus Ace 3V, first with Snapdragon 7 Plus Gen 3
ASUS Zenfone 11 Ultra, flagship with a reason
Samsung Galaxy S24 is photography powerhouse
Casette tapes are making a big comeback, and so are portable players
First mpox vaccines arrive in Africa
WHO declares mpox public health emergency, Sweden and Pakistan confirm first case outside Africa
Kenya confirms its first mpox case as virus spreads in Africa
Brazil reports world's first deaths from Oropouche fever
New Alzheimer's treatment approved by FDA
India to build first phase of its own space station by 2028
Roscosmos chief approves schedule of creating Russian orbital station through 2033
Potentially habitable 'exo-Venus' with Earth-like temperature discovered
Rare species of wild bees discovered in Berlin
SLAC completes construction of largest digital camera ever built for astronomy