European Commission Probes EssilorLuxottica’s Purchase of GrandVision
European Union regulators are concerned the proposed merger could lead to higher prices and reduced choices…
EssilorLuxottica Reports Financial Fraud at Thailand Plant
The fraudulent financial activities will have an estimated impact of up to 190 million euros on its full-year…
EssilorLuxottica Q3 Sales Rise 8.4% With Improvement in U.S.
The eyewear giant noted improved business at Sunglass Hut thanks to digital investments.
EssilorLuxottica Expects Up to 600 Million Euros in Synergies by 2023
The eyewear giant said its teams are now working well together.
EssilorLuxottica’s Expansion Trumps Governance Issues
The eyewear giant has acquired a majority stake in the optical retailer GrandVision, which counts 7,200…
EssilorLuxottica: Leonardo Del Vecchio Voices Concern Over CEO Search
Speaking at the EssilorLuxottica general assembly in Paris, executive chairman Leonardo Del Vecchio said the…
EssilorLuxottica Managers Forge Deal to Resolve Governance Dispute
The agreement comes ahead of the company's annual general shareholder meeting on May 16.
EssilorLuxottica Q1 Sales Rise 7.5% Lifted by Optical Retail Business
The company flagged strong performances from LensCrafters and Target Optical.
Paris Court Moves to Break Deadlock at EssilorLuxottica
It has named Frank Gentin as the ad hoc agent at the eyewear giant, where top management has been clashing.
EssilorLuxottica Board Nixes Proposed Resolution for New Member or Two
The suggestion had been submitted by shareholders to help unblock a deadlock at the world's largest eyewear…
EssilorLuxottica Pro Forma Profits Dip 1.7% in 2018
The newly formed eyewear behemoth posted a 1.2 percent pro forma sales decline in the 12-month period.
Essilor International Completes Four Transactions With Eyewear Players Worldwide
The company is looking to expand its footprint in Europe and Latin America.
Essilor and Luxottica Merge, New Holding to Begin Trading in Paris on Oct. 2
The newly formed EssilorLuxottica will launch a mandatory exchange offer for all the remaining shares between…
Essilor, Luxottica Get Green Light From Chinese Competition Authority
The merging transaction between the two companies is expected to be finalized in the third quarter of the…
Luxottica, Essilor Merger Deadline Extended to July 31
The Chinese competition authority has not yet approved the agreement.