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China: Essilor wins approval for Luxottica merger

By  |  July 26, 2018

China’s State Administration for Market Regulation (SAIC) said announced it has approved a merger deal between French optical-lens maker Essilor International and Italy Italian eyewear firm Luxottica Group with conditions.

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    Among several restrictions, the merged company cannot ban Chinese eyewear sellers from selling their competitors’ products, except for single-brand and franchise stores, the SAIC announced in a statement posted on its website late Wednesday, July 25.

    The deal is still awaiting a nod from Turkish authorities after gaining approval from the European Union in March.

    Full Content: Reuters & 4-Traders

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