All Legal & Institutional articles – Page 7
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ArticleLuxottica facing €125m penalty from French competition watchdog
L’Autorité de la concurrence, the French market competition regulator, sanctioned Luxottica yesterday with a €125 million penalty for anti-competitive behaviors in France between 2005 and 2014. EssilorLuxottica immediately announced that it would appeal the decision, highlighting that the group had always conducted its business according to the highest standards of ...
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Etnia Barcelona CEO receives business award
David Pellicer, founder and CEO of Etnia Barcelona, has received the national prize of the Círculo de Economia, an award that recognizes the growth of Spanish companies from start-up level to well established players over the years. Founded 20 years ago, Etnia Barcelona has become one of the most successful ...
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LEOO sheds light on origin labels for French opticians
Les Entreprises de l’Optique Ophtalmique (LEOO), a group of 80 French eyewear companies and a member of the national industry association GIFO, made a few days ago an online presentation to French opticians on the different labels of origin available in the country. The event followed a consumers’ survey commissioned ...
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Losi reelected at EUROMCONTACT
Nicoletta Losi has been unanimously reelected for a third consecutive 2-year mandate as president of EUROMCONTACT, the umbrella organization for European contact lens manufacturers’ and national associations of that sector. Losi, current EMEA director of professional education and development for Johnson & Johnson Vision and former predisent of ASSOTTICA, the ...
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FEDAO recommends eyecare subsidy in Spain
The Spanish Federation of Optical Sector Associations (FEDAO) and the public-utility association Visión y Vida have released the Covid-19 edition of its White Book of Vision 2021 (Libro Blanco de la Visión 2021), reviewing the state of eyecare in Spain. It asserts, citing Spain’s National Institute of Statistics (INE), that ...
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New president for ECOO
Dr. Cindy Tromans has been confirmed as president of the European Council of Optometry and Optics (ECOO) following the resignation of Dr. Massimo Revelli. Tromans is the director of the optometry services at the Manchester Royal Eye Hospital Honorary and a lecturer in ophthalmology at the Manchester university. She will ...
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WCO seeks to set a standard of care for myopia
Having approved a resolution to the effect, the board of directors of the World Council of Optometry (WCO) is encouraging optometrists to set a standard of care for myopia. According to the WCO’s president, Paul Folkesson, myopia is projected to affect more than five billion people by 2050. “Significant research ...
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Dutch Appeal Court rules in favor of GrandVision in Essilux case
The Amsterdam Court of Appeal ruled yesterday in favor of GrandVision in the lawsuit opposing the retail group to EssilorLuxottica, confirming the earlier judgement by the District Court in August last year. The Franco-Italian group claimed that GrandVision had been retaining information in relation to the management of its business ...
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U.K. accepts to extend provisional Brexit deal to April 30
The British government has accepted, at the European Union’s request, to extend until April 30 the provisional application of the post-Brexit agreement, to give additional time to the European Parliament to ratify the deal. The provisional application of the post-Brexit agreement started on Jan. 1, after the U.K. left the ...
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ArticleEU to decide on Essilux's takeover of GrandVision on April 12
The European Commission has set April 12, 2021 as the latest deadline for the end of an in-depth investigation into EssilorLuxottica’s proposed €7.2 billion takeover of GrandVision. The deadline has been postponed several times. The proposed deal, referred to as case M.9569, was notified to the Commission on Dec. 23, ...
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Google probed by the EU
Google is under dual investigations in the European Union for allegedly abusive practices in its advertising business. This month, according to Reuters, anti-trust regulators for the EU have sent to a number of advertisers a 13-page questionnaire regarding the “Include Google Display Network” default setting for search campaigns on Google ...
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ArticleEU Commission calls to ‘strongly discourage’ intra-EU travel
The European Commission has proposed the European Council to discourage non-essential travel between European Union member states amid high Covid-19 infection rates and concerns about new virus variants, while avoiding border closures or blanket prohibitions that would impede the functioning of the internal market and supply chains. “The Commission proposes ...
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Italy’s Anfao and unions reach labor contract agreement
The Italian eyewear trade association Anfao reached an agreement with trade union representatives on the terms of a new contract affecting the roughly 18,000 workers in Italy’s eyewear industry, including those at Luxottica, which exited Anfao in 2019. Due to the economic crisis that has hit the eyewear sector, the ...
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Italy approves a €50 voucher for the purchase of eyeglasses, contact lenses
The Italian parliament approved on Dec. 30 the 2021 budget that includes a €50 voucher for the purchase of prescription eyewear and contact lenses for low-income people. The decree implementing the voucher still has to be issued by the health ministry, in coordination with the finance ministry. The voucher is ...
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FLA members cannot use products from the Xinjiang region
In an unprecedented move, the Fair Labor Association (FLA) has prohibited its member companies from sourcing from or producing in the Xinjiang region, in northwest China, because of growing concerns over violations of human and labor rights. The region is home to several ethnic minority groups, including the Uyghur people. ...
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ArticleU.K. signs free trade agreements with Turkey, EU
The U.K. and Turkey have signed tariff-free trading arrangements and are committed to reach a ”more ambitious” agreement in the future, according to the British Department for International Trade . The free trade agreement was signed by the U.K.’s International Trade Secretary, Liz Truss and Turkey’s Minister for Trade, Ruhsar ...
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ArticleEU, China reach in principle an agreement on investments
After seven years of talks, the European Union and China have agreed in principle on a investment agreement after their leaders met on a conference call on Dec. 30. The parties had set the end of 2020 as the deadline to strike a deal. The European Commission said that the ...
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ArticleKering investigated by French financial prosecutor
Kering said that the French financial public prosecutor (Parquet National Financier) has opened a preliminary inquiry concerning the company in February 2019. The French luxury goods group added that it had not previously been informed of the inquiry. The comments come following media reports about the prosecutor investigating the company ...
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The U.K. reaches trade accord with Vietnam, but deal with EU unlikely
The U.K. has finalized a free trade agreement with Vietnam, which is scheduled to become effective from Jan. 1. It is the third trade agreement reached with an Asian country, after those with Singapore and Japan. The U.K. has also reached a preliminary trade agreement with Canada. The U.K. is ...
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ArticleEU agrees on common rules for travel restrictions due to Covid-19
The European Council has adopted a recommendation on a coordinated approach to travel restrictions in response to the Covid-19 pandemic. The council comprises the heads of state or government of the countries forming the European Union, as well as the president of the council and of the European Commission. ...
