By  on December 30, 2019

PARIS — European eyewear giant EssilorLuxottica said on Monday it had uncovered fraudulent financial activities in one of its plants in Thailand that will have an estimated impact of up to 190 million euros on its full-year operating result.

The group, born from the merger between France’s Essilor and Italy’s Luxottica that was finalized in October 2018 to create the world leader in its domain, said its subsidiary Essilor International has filed complaints in Thailand and other jurisdictions and mobilized all available resources to put an end to the fraud.

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