Asset supervisor concerned via boardroom warfare at eyecare massive EssilorLuxottica

The British asset supervisor Sarasin & partners says that it's “deeply involved” with the aid of board in-combating at lately-merged French eyewear huge ­EssilorLuxottica â€" and that a stalemate has thrown up questions concerning the responsibility of ­the group’s current ­directors to their ­shareholders.

Sarasin & companions is a minority shareholder within the newly combined lens maker.

It wrote to unbiased business ­administrators in March requesting extra ­access in order that it could assist in ­breaking the deadlock forward of a meeting this week.

EssilorLuxottica’s merger of equals became accomplished closing November, with both sides agreeing that the new sixteen-person board should still be made from eight contributors from Essilor and eight from Luxottica....