By  on March 5, 2019

MILAN — It was not a surprise, but the Italian Stock Exchange lost on Tuesday one of its strongest public companies — the eyewear giant Luxottica Group SpA. As reported, the delisting was expected to be on March 5 and follows the birth of EssilorLuxottica on Oct.1 last year.

The group was listed on the Paris Stock Exchange Euronext in October. Italian media have reported that management of the Italian Bourse and some analysts are hoping EssilorLuxottica will be also listed in Milan, although co-chief financial officer Stefano Grassi said in October he did not believe this would happen.

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