Does Luxottica Want Grandvision? No Comment

Luxottica responded with a 'no comment' to rumors about its interest in Grandvision, the French eyewear distribution company, saying only that negotiations were underway for 'an acquisition in the retail sector' and that they are 'looking with interest at North America and Europe'. With over 2500 stores, Leonardo Del Vecchio's company is already the leader in the sunglasses and sight eyewear segment in North America.

At the Paris Stock Exchange yesterday, Grandvision stock rose by 2%. But there was a drop in Luxottica stock, which fell by 1.36%.

(Source: Finanza Mercati - Il Gazzettino)