Luxottica

Ray Ban's Aviator sunglasses

Mergers and Acquisitions

Merged EssilorLuxottica Plagued by Power Struggle

Luxottica founder Leonardo Del Vecchio, the merged group’s largest shareholder, has engaged in a public tit-for-tat with Hubert Sagnières, its executive vice chairman.

clock March 21, 2019Alex Wynne

A look from Ray-Ban.

Financial

EssilorLuxottica’s Share Price Tumbles

The market reacted negatively to indications that the integration of Essilor and Luxottica will take longer than expected.

clock March 8, 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

Ray-Ban

Eyewear

Luxottica Delists From Milan Stock Exchange

Effective on March 5, the delisting follows the birth of EssilorLuxottica on Oct. 1 last year.

clock March 5, 2019Luisa Zargani

The scene at Mido 2019.

Eyewear

Digital Services, Tools Key at Mido 2019

The Italian eyewear industry, which reported sales of 3.86 billion euros in 2018, is on a slow-paced but constant growth trajectory.

clock March 1, 2019Martino Carrera

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

Ray-ban

Financial

Luxottica Touts Sales of 36 Billion Euros in Four Years

Chairman Leonardo Del Vecchio pledged “full contribution” to EssilorLuxottica, emphasizing Luxottica’s achievements and performance in the 2013-2018 period.

clock January 30, 2019Luisa Zargani

Eataly

Lifestyle

Experience Matters: Eataly Chairman Touts Taking a Stance

Andrea Guerra spoke to WWD about Eataly’s values, investments in biodiversity — including saving bees — and strategies.

clock December 18, 2018Luisa Zargani

Eyewear

Initial Tender in EssilorLuxottica Merger Successful

A second tender period will open on Dec. 19 to complete the sellout procedure.

clock November 29, 2018Katya Foreman

A look from Giorgio Armani.

Eyewear

Giorgio Armani to Tender Shares in EssilorLuxottica

The designer is a longtime shareholder in Luxottica, which is his fashion group’s eyewear licensee.

clock October 27, 2018Luisa Zargani

A look from Prada.

Eyewear

Retail, Online Sales Drive Luxottica Q3 Revenues Up 2.9%

The Italian eyewear group, owner of brands such as Ray-Ban and Persol, and a licensee for the likes of Giorgio Armani, Burberry, Prada and Versace, confirmed its outlook for 2018 with sales growth of 2 percent.

clock October 22, 2018Luisa Zargani

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 Prada RTW Spring 2018

Eyewear

Luxottica Receives Green Certification

The company has been included in the FTSE4Good Index Series for its social and environmental responsible activities.

clock August 1, 2018Martino Carrera

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

Ray-Ban

Eyewear

Luxottica Profits Decrease in First Half, Sales Accelerate in Second Quarter

The Italian eyewear-maker confirmed outlook for the year.

clock July 23, 2018Luisa Zargani

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Essentialist

Today's Must Read

A woman walks past a Tiffany & Co. store at a shopping mall in Beijing. The designer boutiques of Manhattan and Paris are feeling the chill of a Chinese economic slowdown that has hammered automakers and other industries. That is jolting brands such as Louis Vuitton and Burberry that increasingly rely on Chinese customers who spend $90 billion a year on jewelry, clothes and other high-end goods. The industry already is facing pressure to keep up as China's big spenders shift to buying more at the spreading networks of luxury outlets in their own countryLuxury Shopping Chill, Beijing, China - 29 Nov 2018

Business

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clock 9hEvan Clark

Social Studies