Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2023
Disclosure of 2021 data breach
EssilorLuxottica confirmed in 2023 that it had experienced a data breach in 2021. The company said it notified the FBI and Italian law enforcement after identifying the incident. Public reporting associated the breach with the exposure of approximately 77 million accounts, although the precise scope should be verified against the company's formal disclosures.
2023
Turkish competition-law fine
Turkish authorities fined EssilorLuxottica €17 million in August 2023, reportedly alleging that the company had not fulfilled competition-related obligations connected with the merger.
2020
EssilorLuxottica files legal action against GrandVision for COVID-19 information
Lawsuit filed
EssilorLuxottica filed legal proceedings in a Rotterdam district court seeking information from GrandVision about its management of the coronavirus crisis and whether it breached obligations under their support agreement. EssilorLuxottica said GrandVision had not provided the requested information voluntarily.
Stated objective. To assess the way GrandVision has managed the course of its business during the COVID-19 crisis, as well as the extent to which GrandVision has breached its obligations under the support agreement.
Source excerpt
“This is to assess the way GrandVision has managed the course of its business during the COVID-19 crisis, as well as the extent to which GrandVision has breached its obligations under the support agreement,” EssilorLuxottica said, referring to the M&A agreement.
It filed the legal proceedings before a district court in Rotterdam, the Netherlands, after GrandVision did not respond to its requests for information on its handling of the pandemic, EssilorLuxottica said in a statement.
EssilorLuxottica has filed a legal action to obtain information from its acquisition target GrandVision about its management of the coronavirus crisis