Incentive policy in retail sector guided by free competition. Olaechea advised GMO on the implementation of an incentive policy at national level in the retail sector, in order to avoid that it might imply any contravention to the legal system, especially within the framework of free competition.
Ensuring compliance with Peruvian regulations: We provided an analysis and opinion from the different aspects, taking into account the different scenarios regulated by Peruvian regulations, so that the client would know whether this policy could be implemented and the risks that its implementation would entail, if that were the case.
Possible sanctions from Peruvian competition authority were analysed: Finally, we analysed and informed the client about the possible sanctions that would be imposed by the Peruvian competition authority if any of the assumptions established by regulation were found to constitute an anti-competitive practice.
One of largest optical retail chains in Latin America: With more than 3,000 employees, four laboratories and four distribution centres, GMO is one of the largest optical retail chains in Latin America with a presence in Chile, Peru, Ecuador, and Colombia since 1999. It is part of the Italian Luxottica Group, a leader in the design, manufacture, distribution, and sale of high-quality luxury and sports eyewear with more than 70,000 employees and a strong global presence.
Latest development: We assisted the client in implementing an incentive policy.
