Operator-norm Trotter product formula on Banach spaces

Proof of the operator-norm convergent Trotter product formula on a Banach space is unexpectedly elaborate and a few of known results are based on assumption that at least one of the semigroups involved into this formula is holomorphic. Here we present an example of the operator-norm convergent Trotter product formula on a Banach space, where this condition is relaxed to demand that involved semigroups are contractive.