Press Release
Press Release
Press Contacts: Erik Cummins, Matt Hyams, Olivia Thomas
03.28.18
A Pillsbury antitrust team represented Luxottica Group in obtaining unconditional clearance from the Federal Trade Commission for Luxottica’s proposed combination with Essilor. The combined firm is estimated to have a market capitalization of approximately $56 billion.
Headquartered in Milan, Luxottica is a leading vertically integrated manufacturer, distributor, and retailer of eyewear around the world. In the U.S., it is well-known for its retail brands, including Lenscrafters, as well as iconic eyewear brands such as Ray-Ban, Oakley, and certain licensed designer brands. Essilor is a leading supplier of ophthalmic lenses in the U.S. and abroad.
In a public statement, the FTC stated that it “extensively investigated every plausible theory” before concluding that the proposed transaction would not violate federal antitrust laws. The FTC’s decision to close the investigation was unanimous.
The Pillsbury U.S. antitrust team representing Luxottica was led by partner Michael Sibarium and included counsel Jeetander Dulani and associates Adya Baker, Michael Warley, Robert Boyd, Alex Anderson, Nathaniel Miller, Fabio Leonardi, Jorge Vera and Andrew Lauria.