French Court Names Frank Gentin to Arbitrate EssilorLuxottica Spat -AFP

Date : 26/04/2019 @ 23:32
Source : Dow Jones News
Stock : EssilorLuxottica (ESLOY)
Quote : 62.72  -0.39 (-0.62%) @ 06:09
EssilorLuxottica share price Chart

French Court Names Frank Gentin to Arbitrate EssilorLuxottica Spat -AFP

EssilorLuxottica (USOTC:ESLOY)
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--Paris's Commercial Court has appointed its former president Frank Gentin to resolve EssilorLuxottica's governance crisis, AFP reports, citing an anonymous source.

--The Franco-Italian company--formed by a 2018 merger--is currently paralyzed by a conflict between Chairman Leonardo Del Vecchio and the Vice-Chairman Hubert Sagnieres, AFP says.

--Essilor, the French side of the company, referred the matter to the court earlier this week and requested it send someone capable of breaking the deadlock, according to AFP.

 

Write to Barcelona editors at barcelonaeditors@dowjones.com

 

(END) Dow Jones Newswires

April 26, 2019 09:17 ET (13:17 GMT)

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