EssilorLuxottica is targeting a recovery in its business this year to levels seen before the COVID-19 crisis after the Oakley and Ray-Ban maker's fourth-quarter revenue showed further signs of improvement.
Ray-Ban maker EssilorLuxottica has offered to sell assets in three EU countries in a bid to gain EU antitrust approval for its 7.2-billion-euro purchase of GrandVision, a person familiar with the matter said on Tuesday.
EssilorLuxottica said on Tuesday its third-quarter sales showed signs of recovery, but will eye the next few months with 'prudent confidence' as a second coronavirus wave threatens another heavy blow to results.
Oakley and Ray-Ban maker EssilorLuxottica's second-quarter revenue almost halved due to store closures to curb the spread of the coronavirus, it said on Friday, sending operating profit tumbling by more than 90%.
EssilorLuxottica has filed a legal action to obtain information from its acquisition target GrandVision about its management of the coronavirus crisis, the French-Italian maker of Ray-Ban said on Saturday.