Entity Dossier
Company
GrandVision
Strategic Concepts & Mechanics
Cornerstone MoveClose Every Circle Until Control Is CompleteCompetitive AdvantageFashion Signature as Margin MultiplierSignature MovePaternalistic Covenant With the ValleyStrategic PatternSubcontractor Apprenticeship as EspionageStrategic PatternLow Cost Many Models Flood StrategyIdentity & CultureOrphan Hunger as Permanent EngineCornerstone MoveBuy the Myth Then Rebuild It From the Product UpRisk DoctrineCash Fortress Before the Storm HitsIdentity & CultureSilicon Valley Peers Not Italian PeersOperating PrincipleBring Production Home When Quality FailsSignature MoveEvery Euro Saved Is an Extra Euro in ProfitRisk DoctrineOwnership Separated From ManagementCompetitive AdvantageClosed Valley as Loyalty FortressSignature MoveMove Before Being OverwhelmedCornerstone MoveHostile Raid to Swallow the Whole AnimalCapital StrategyWall Street Listing as Credibility WeaponSignature MovePocket Recorder on the NightstandSignature MoveFactory Floor at Five AM, Never the Office
Primary Evidence
"He wants a Luxottica that rectifies past mistakes and fills its gaps: development of the digital channel, acquisition of a large retail chain in Europe - a piece that has always been missing, a market in which the Dutch of GrandVision are thriving - and expansion into the corrective lenses sector."
Source:Leonardo Del Vecchio
"In July 2019, he decided to buy the Dutch optical chain GrandVision for 7.6 billion euros, adding forty thousand employees to the group and over seven thousand stores in forty nations, including chains of more affordable eyeglass stores that, according to analysts, will help to face potential new low-cost competitors on the internet."
Source:Leonardo Del Vecchio
"GrandVision and, above all, Essilor are the last two pieces missing from his puzzle."
Source:Leonardo Del Vecchio