EssilorLuxottica S.A. and GrandVision N.V. today confirm that the European Commission has initiated a Phase II review of the proposed acquisition of GrandVision by EssilorLuxottica. No stranger to large-scale acquisition, EssilorLuxottica itself is a result of the €46bn merger of Italy’s Luxottica Group SpA and France’s Essilor International SA in 2017. Decisions, press releases and other communications from the Commission are published as soon as they are official. The European Commission said it is concerned that the planned merger would hurt competition in the market of ophthalmic lenses, eyewear and optical products. Home - European Commission. With the acquisition of GrandVision, EssilorLuxottica will expand its optical retail platform, primarily in Europe, by adding more than 7200 stores globally, over 37,000 employees and €3.7bn in annual revenue. EssilorLuxottica S.A. and GrandVision N.V. today confirm that the European Commission has initiated a Phase II review of the proposed acquisition of GrandVision by EssilorLuxottica. The parties are confident that Phase II will be completed in a timely manner and will closely cooperate with EssilorLuxottica peu affecté par l’enquête de la Commission sur le rachat de GrandVision. The parties are confident that Phase II will be completed in a timely manner and will closely cooperate with. The European Commission resumed its investigation into the case on March 18 after a two-week stoppage while waiting for data from the companies, reported Reuters. La Commission européenne a, rappelons-le, lancé une enquête afin d’examiner « si la concentration envisagée conduirait à des prix plus élevés ou à un choix plus restreint pour les consommateurs se rendant chez leur opticien local ». For latest updates of cases follow this link updates of cases.