EssilorLuxottica and GrandVision finalize the transaction with Vision Group for the sale of stores in Italy

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EssilorLuxottica and GrandVision finalize the deal
with Vision Group for the sale of stores in Italy

Charenton-the bridge, France, Schiphol, the Netherlands and Milan, Italy (2 March 20228 am HEC) – EssilorLuxottica, GrandVision and Vision Group, one of the largest distribution networks for Italian opticians and a retail player under the VisionOttica banner, announced today that the companies have completed the transaction enabling Vision Group to acquire the VistaSì chain in Italy, including the brand and all 99 stores and 75 GrandVision stores in the country. This follows commitments made with the European Commission on March 23, 2021, in connection with the acquisition of GrandVision by EssilorLuxottica. EssilorLuxottica, GrandVision and Vision Group confirm that the European Commission has approved the transaction.

About EssilorLuxottica
EssilorLuxottica is a world leader in the design, manufacture and distribution of ophthalmic lenses, frames and sunglasses. Formed in 2018, its mission is to help people around the world see more and be more by meeting their evolving vision needs and personal style aspirations. The company brings together the complementary expertise of two industry pioneers, one in cutting-edge lens technology and the other in iconic eyewear craftsmanship, to set new industry standards for care of the sight and experience of the consumers around them. Influential eyewear brands such as Ray-Ban and Oakley, lens technology brands such as Varilux and Transitions, and world-class retail brands such as Sunglass Hut, LensCrafters and GrandVision are part of the EssilorLuxottica family. EssilorLuxottica has approximately 180,000 employees. In 2020, the Group consolidated revenue of 14.4 billion euros. The EssilorLuxottica share is listed on the Euronext Paris market and is part of the Euro Stoxx 50 and CAC 40 indices. Codes and symbols: ISIN: FR0000121667; Reuters: ESLX.PA; Bloomberg:EL:FP. For more information, visit essilorluxottica.com.

On Vision Group
Vision Group manages over 300 directly operated and franchised stores across Italy through its national VisionOttica banner. In addition, Vision Group is also the largest retail network in the Italian optical market, with over 2,500 affiliated eyecare professionals operating at various levels of affiliation. Vision Group has grown both organically and through acquisitions to become the go-to optical destination for Italian families. Vision Group’s goal is to improve the visual well-being of its customers by focusing on their visual needs through superior service, technological innovation and the best optical stores offering a personalized and professional experience. Since 2014, Vision Group’s growth has been supported by Arcadia SGR, which has invested to accelerate the company’s expansion. For more information, please visit www.vision-group.it

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