The Turkish Competition Authority conditionally clears a merger, subject to certain structural commitments, in the design, manufacturing, and distribution of sunglasses and prescription optical glasses (Luxottica / Essilor)

This case summary concerns an analysis of the Turkish Competition Board’s (“Board”) Luxottica/Essilor decision, [1] in which the Board evaluated the transaction concerning the merger of Luxottica Group S.p.A. (“Luxottica”) and Essilor International Compagnie Générale d’Optique S.A. (“Essilor”). Luxottica designed, manufactured and distributed eyewear, i.e., optical frames and sunglasses. Luxottica’s global wholesale distribution network covered more than 150 countries, and it was complemented by a retail network. In Turkey, Luxottica conducted activities in the retail sales of sunglasses and the wholesale distribution of optical frames and sunglasses, through its subsidiaries. Essilor was active in each phase of the ophthalmic (corrective) lens development process, from design to manufacture

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Authors

  • ELIG Gürkaynak Attorneys-at-Law (Istanbul)
  • ELIG Gürkaynak Attorneys-at-Law (Istanbul)

Quotation

Gönenç Gürkaynak, Eda Duru, The Turkish Competition Authority conditionally clears a merger, subject to certain structural commitments, in the design, manufacturing, and distribution of sunglasses and prescription optical glasses (Luxottica / Essilor), 1 October 2018, e-Competitions October 2018, Art. N° 96480

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