Essilor

A look from Ray-Ban.

Government and Trade

European Commission Probes EssilorLuxottica’s Purchase of GrandVision

European Union regulators are concerned the proposed merger could lead to higher prices and reduced choices for consumers.

clock February 7, 2020Joelle Diderich

A look from Ray-Ban.

Legal

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 operating result.

clock December 30, 2019Joelle Diderich

Luxottica in-store digital tool.

Financial

EssilorLuxottica Q3 Sales Rise 8.4% With Improvement in U.S.

The eyewear giant noted improved business at Sunglass Hut thanks to digital investments.

clock October 30, 2019Mimosa Spencer

A look from Ray-Ban.

Financial

EssilorLuxottica Expects Up to 600 Million Euros in Synergies by 2023

The eyewear giant said its teams are now working well together.

clock September 26, 2019Jennifer Weil

A look from Ray-Ban.

Mergers and Acquisitions

EssilorLuxottica’s Expansion Trumps Governance Issues

The eyewear giant has acquired a majority stake in the optical retailer GrandVision, which counts 7,200 stores worldwide.

clock July 31, 2019Fleur Burlet

A look from Ray-Ban.

Mergers and Acquisitions

EssilorLuxottica: Leonardo Del Vecchio Voices Concern Over CEO Search

Speaking at the EssilorLuxottica general assembly in Paris, executive chairman Leonardo Del Vecchio said the recruitment is proving difficult.

clock May 16, 2019Fleur Burlet

Luxottica

Mergers and Acquisitions

EssilorLuxottica Managers Forge Deal to Resolve Governance Dispute

The agreement comes ahead of the company’s annual general shareholder meeting on May 16.

clock May 13, 2019Mimosa Spencer

Luxottica in-store digital tool.

Financial

EssilorLuxottica Q1 Sales Rise 7.5% Lifted by Optical Retail Business

The company flagged strong performances from LensCrafters and Target Optical.

clock May 7, 2019Mimosa Spencer

Gucci SS17 eyewear campaign.

Eyewear

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.

clock April 26, 2019Jennifer Weil

A look from Prada.

Eyewear

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 company.

clock April 24, 2019Jennifer Weil

Ray-ban

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.

clock March 8, 2019Jennifer Weil

Eyewear

Essilor International Completes Four Transactions With Eyewear Players Worldwide

The company is looking to expand its footprint in Europe and Latin America.

clock February 11, 2019Katya Foreman

Luxottica

Eyewear

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 Oct. 29 and Nov. 27, with the view of delisting Luxottica’s shares in Milan, but the squeeze-out, if any, could be expected between Jan. 28 and March 4.  

clock October 1, 2018Luisa Zargani

Backstage at Versace RTW Fall 2018

Eyewear

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 year.

clock July 26, 2018Alessandra Turra

Luxottica

Eyewear

Luxottica, Essilor Merger Deadline Extended to July 31

The Chinese competition authority has not yet approved the agreement.

clock June 29, 2018Luisa Zargani

Load More Arrow

Essentialist

Today's Must Read

Stephane Rolland Couture Fall 2020

Fashion

Stéphane Rolland to Launch Ready-to-Wear Fashion Line

clock 7hMimosa Spencer

Social Studies

WWD logo Global Stock Index

Business Page right arrow