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Ray-Ban Maker Looks to Further Deals After GrandVision Purchase

  • EssilorLuxottica seeks to move on from governance dispute
  • $8 billion GrandVision deal ‘a first step,’ vice chairman says
Essilor International SA To Buy Ray-Ban Maker Luxottica Group SpA For About $24 Billion
Photographer: Chris Ratcliffe/Bloomberg
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Eyewear giant EssilorLuxottica SA is already plotting its next move after making an $8 billion deal for Dutch retailer GrandVision NV and defusing an internal power struggle.

“GrandVision was just the first step,” Vice Chairman Hubert Sagnieres said in a telephone interview. “We won’t stop here and we have the means for more acquisitions.”