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French competition authority fines eyewear maker Essilor 81 million euros

Published 11/08/2022, 10:30 AM
Updated 11/08/2022, 10:36 AM
© Reuters. FILE PHOTO: A logo of Essilor is displayed at the EssilorLuxottica exhibition space in SILMO in Villepinte, near Paris, France September 24, 2022. REUTERS/Benoit Tessier/File Photo
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PARIS (Reuters) - France's competition watchdog has fined glasses maker Essilor International (EPA:ESLX) 81 million euros ($81.27 million) for discriminatory business practices over an 11-year period, it said on Tuesday.

The Competition Authority said Essilor's actions had been designed to hinder the development of online sales of corrective lenses.

© Reuters. FILE PHOTO: A logo of Essilor is displayed at the EssilorLuxottica exhibition space in SILMO in Villepinte, near Paris, France September 24, 2022. REUTERS/Benoit Tessier/File Photo

Parent company EssilorLuxottica, the maker of Ray-Bans, was also fined 15 million euros.

($1 = 0.9967 euros)

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