GrandVision To Arbitrate Claims Over EssilorLuxottica Deal

Law360 (July 30, 2020, 9:52 PM EDT) -- GrandVision on Thursday initiated arbitration against Ray-Ban maker EssilorLuxottica, saying it intends to fight accusations that it has breached their multibillion-dollar deal under which the latter company is set to acquire a majority stake in the Dutch optical retailer.

The announcement comes after EssilorLuxottica said earlier this month that it had initiated litigation in the Netherlands to obtain information about the way GrandVision has managed the course of its business during the COVID-19 crisis.

EssilorLuxottica says GrandVision's refusal to turn over the information voluntarily has put it in breach of its obligations under their deal, by which EssilorLuxottica is set to...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!