By  on January 8, 2020

MILAN — The global eyewear market is expected to reach around 155 billion euros in 2024, posting compound annual growth of 5 percent, according to studies by Euromonitor, Worldwide Luxury Market Monitor by Bain & Co. and Altagamma. At wholesale, the high-end frames and sunglasses business is valued at around 3 billion euros.

Within this context, major changes have rocked the industry, ranging from the merger of two giants, Luxottica Group and Essilor, to the decision made by Kering and LVMH Moët Hennessy Louis Vuitton to bring production in-house. The latter in 2017 formed a joint venture with Marcolin Group called Thélios.

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