French Court Names Frank Gentin to Arbitrate EssilorLuxottica Spat -AFP

Date : 04/26/2019 @ 2:32PM
Source : Dow Jones News
Stock : EssilorLuxottica (ESLOY)
Quote : 72.3025  -0.5675 (-0.78%) @ 9:19PM

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.

 

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(END) Dow Jones Newswires

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

Copyright (c) 2019 Dow Jones & Company, Inc.

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