The finalising of two large-scale acquisitions marked the beginning of March: in Italy, Vision Group acquired the chain VistaSì and, in the USA, EssilorLuxottica yesterday (1 March) completed the takeover announced one year ago by the lab network Walman Optical.
Vision Group represents one of the main distribution networks for opticians and retailers in Italy under the name of VisionOttica. The agreement includes the brand VistaSi and all its 99 stores as well as the 75 GrandVision stores in Italy, and it has been approved by the European Commission. The transfer follows commitments agreed with the European Commission on 23 March 2021, regarding the acquisition of GrandVision by EssilorLuxottica.
The acquisition of EssilorLuxottica by the Walman Optical labs was announced in March 2021. The takeover will allow the labs to benefit from the commitment of the Italo-French giant to product innovation and service in order to generate new opportunities for growth.