By  on July 31, 2019

PARIS — Despite a challenging start due to unresolved governance issues, EssilorLuxottica, the eyewear giant formed by the merger between Italy’s Luxottica and France’s Essilor, is continuing its expansion.

The company has bought a 76.72 percent interest in Dutch optical retailer GrandVision from previous owner HAL at a cash purchase price equal to 28 euros a share, it said Wednesday. The deal values the Dutch firm at upwards of 7 billion euros.

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