ESLOF - EssilorLuxottica: Longer-Term Outlook Improves Post-Closing Of GrandVision Deal
- EssilorLuxottica finally closes the acquisition of HAL's 76.72% stake in GrandVision.
- While the acquisition terms remain consistent with the 2019 agreement, the longer-term strategic positives are key.
- The upcoming earnings report could provide visibility into potential synergies and an upgrade of the medium-term guidance.
- With shares at a discount to many of its luxury peers, I see room for further upside ahead.
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EssilorLuxottica: Longer-Term Outlook Improves Post-Closing Of GrandVision Deal