LUXOTTICA CONTESTS THE DECISION OF THE ANTITRUST “We will prove that the decision is wrong” – Radio Più

LUXOTTICA CONTESTS THE DECISION OF THE ANTITRUST “We will prove that the decision is wrong” – Radio Più
LUXOTTICA CONTESTS THE DECISION OF THE ANTITRUST “We will prove that the decision is wrong” – Radio Più

PARIS_EssilorLuxottica takes note of the decision adopted today by the French Competition Authority (FCA) against various companies operating in the eyewear sector, including Luxottica Group. The Authority paid Luxottica a fine of 125 million euros for conduct that took place in the period 2005-2014 in France in relation to the distribution of sunglasses and eyeglasses. Today’s decision concludes an investigation launched in 2005 and which was already considered insufficient by the FCA in 2017. EssilorLuxottica is convinced that it has always operated according to the highest standards of compliance, always in support of customers, partners and the entire market. The Company expresses its profound disagreement with the Authority’s decision and believes that the sanction is disproportionate and unfounded. The Company will appeal, confident that it can prove that the decision is factually and legally wrong

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FRENCH ANTITRUST, FINE FROM 125 MILLION TO LUXURY

Also sanctioned Lvmh for 500,000 euros and Chanel for 130,000

ESSILORLUXOTTICA.pngPARIS The French Competition Authority has imposed a fine of over 125 million euros on Luxottica, the world’s leading eyewear supplier, for having “imposed” in France “retail prices for opticians and for banning them from selling on the internet” , is what was announced today by the same authority of Paris. Two other groups, the luxury giant LVMH and Chanel, were fined respectively 500,000 euros and 130,000 euros. The first for the same reason as Luxottica, the second for the sole prohibition of online sales

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LUXOTTICA CONTESTS DECISION ANTITRUST prove decision wrong Radio Più

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