The Commerce Commission has given clearance to a merger between two global eyewear giants.
Lenses manufacturer Essilor and sunglasses maker Luxottica already have a commercial relationship. The parties have sought clearance from regulators in different countries, including New Zealand.
Commerce Commission chairman Mark Berry said the merger was unlikely to lessen competition in New Zealand markets.
“Competition is strong and we believe the merged entity will be sufficiently constrained by the presence of existing competitors with the ability to expand at all levels of the supply chain and in all relevant markets,” Berry said.
from Ellie NZ Rss http://www.stuff.co.nz/business/96538355/Commission-approves-eyewear-giants-merger
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