EssilorLuxottica completed the acquisition of a 76.72% stake in GrandVision from HAL for c. $6.5bn.

EssilorLuxottica, a designer, manufacturer and distributor of ophthalmic lenses, frames and sunglasses, completed the acquisition of a 76.72% stake in GrandVision, an optical retailer, from HAL, an international investment company, for c. $6.5bn. “The combination of GrandVision and EssilorLuxottica creates a truly global eye care and eyewear company that is ideally positioned to serve the widest range of consumer needs across the world and to provide our customers with a best-in-class omnichannel experience,” Stephan Borchert, GrandVision CEO.