All EssilorLuxottica articles
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ArticleUS sun business sole exception to EssilorLuxottica’s smooth sailing in Q1
EssilorLuxottica remained on a smooth sailing trajectory in the start of 2024 as the group reported a 3.0 percent year-on-year increase in Q1 revenue to €6,335 million. At constant rates, sales progressed by 5.5 percent versus 2022, decelerating slightly from Q4 2023 (+7.1 percent) but remaining in line with the ...
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ArticleSlight average eyewear stocks price hike in Q1 reflects extreme ups and downs
The average stock price of public eyewear companies inched up by 1.6 percent on a non-weighted basis during the first quarter of 2024, slowing down from the 8.4 percent growth calculated for Q4 2023. The Q1 2024 performance also fell short of the 8.1 percent quarter-on-quarter growth of the MSCI ...
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News briefs
EssilorLuxottica closes Washin’s acquisition
EssilorLuxottica has officially confirmed that it closed the acquisition of Japanese retail chain Washin, on which we reported in February already, following the approval of Japanese competition authorities. The Italo-French group said that this acquisition paved the way for further investments in Japan and would provide greater insights on the ...
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News briefs
WCO launches global framework for optometry competencies, partners with Essiluxottica on presbyopia
The World Council of Optometry (WCO) is introducing its Competency Framework for Optometry, a new resource aimed at harmonizing the optometry profession and enhancing optometrics education globally. Aligned on the World Health Organization Eye Care Competency Framework (ECCF), the framework outlines the competencies expected from optometry graduates in five different ...
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News briefsRay-Ban partners with Lenny Kravitz for Reverse
EssilorLuxottica is partnering with Lenny Kravitz for a capsule collection of sunglasses under the Ray-Ban Reverse brand name. Launched last year by the Italo-French group, Reverse sunglasses have an inverted look, substituting a convex lens shape for the standard concave design. Frames in the capsule collection developed for the rock ...
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ArticleEssilorLuxottica expands retail partnership with Reliance Brands in India
EssilorLuxottica is expanding the scope ot its partnership with India’s Reliance Brands, which is taking over the development of the LensCrafters banner and the managing of its franchising network in the country. The development of the LensCrafters franchise was previously in the hands of DLF Brands and a first store ...
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ArticleMazzucchelli takes further steps on sustainability journey
Mazzucchelli 1849 is building a new factory in its hometown of Castiglione Olona in northern Italy, set to be opened in the second half of this year. Giampietro Pedrazzini, CEO, spoke to us recently about how that facility fits into Mazzucchelli’s plans to reduce its environmental footprint, along with other ...
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News briefs
Marcolin negotiations with strategic investors reportedly hit a €1.3 billion snag
According to an article published last Saturday by the Financial Times (FT), EssilorLuxottica, Kering, Safilo and Marchon have all expressed interest in the acquisition of Marcolin, as PAI Partners is looking to sell its majority stake in the company. While EssilorLuxottica and Kering seem to be the most likely candidates ...
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News briefs
EssilorLuxottica and Dolce&Gabbana eyewear partnership extended to 2039
EssilorLuxottica and Dolce&Gabbana (D&G) have announced the early renewal of their licensing agreement for the design, production and global distribution of D&G-branded prescription frames and sunglasses. Effective since Jan. 1, 2020, the current agreement was set to expire at the end of 2029, but both parties have agreed to replace ...
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News briefs
EssilorLuxottica and Michael Kors extend their collaboration
EssilorLuxottica and Michael Kors have announced the early renewal of their licensing agreement for the design, production and global distribution of prescription frames and sunglasses under the Michael Kors brand. Both companies started their eyewear partnership in 2015. The new agreement will take effect from Jan. 1, 2025 for a ...
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ArticleEssilorLuxottica accelerates in Q4 to wrap another record year
After a relative slowdown in the previous quarter, EssilorLuxottica has reported a return to high-single-digit revenue growth for the last quarter of 2023, leading the group to report another record year in terms of revenue, as its topline reached €25,393 million in 2023, up by 3.7 percent in reported terms ...
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ArticleEssilorLuxottica acquires Japanese retail chain
EssilorLuxottica is about to deploy its full-scale vertical-integration business model in Japan. We have learned that the Italo-French group has acquired the business of Washin Optical, a Japanese mid-size optical retailer founded in 1951, through its Luxottica Japan subsidiary. The information has not been officially announced by the group yet, ...
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News briefs
Essilux officially inaugurates two industrial sites in Mexico
EssilorLuxottica officials were busy cutting ribbons in Mexico last week as the group officially inaugurated two industrial sites in Tijuana and Chihuahua. The new facility in Tijuana is expected to produce an additional 10 million pairs of optical lenses per year once fully operational and will ship up to 25 ...
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ArticleMorrow Eyewear kicks off European expansion with Novacel partnership
Morrow Eyewear, the Belgian-based company specializing in autofocal glasses, has announced the signature of a partnership with Novacel Optical for the distribution of its eProgressive Glasses in France and Switzerland. The company said that the agreement would enable over 30 million presbyopes in the two countries with its pioneering technology. ...
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ArticleEyewear stock price up 8% in Q4, sector market capitalization up 10% year-on-year
Along with our usual quarterly update on public eyewear companies’ stock price variations, we are also publishing in the table below the year-on-year changes to provide a longer-term perspective, as well as our annual market capitalization ranking further down on this page. After a negative third quarter, the average stock ...
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News briefsNew Salmoiraghi & Viganò store highlights Essilux retail sustainability program
EssilorLuxottica has announced that its new Salmoiraghi & Viganò store opened in Milan at the end of last year was being considered for the WELL certification, a standard that “creates and certifies spaces that advance human health and well-being” according to the organization’s website. The new shop, located in the ...
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ArticleEssilux unveils Nuance, announces U.S. and Europe launch dates at CES
EssilorLuxottica unveiled its new Nuance Audio technology at a press conference on the eve of the CES show in Las Vegas (Jan. 9-12). The group announced that its goal is to “revolutionize” the hearing market and penetrate an industry where, similar to eye care decades ago, consumers are averse to ...
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ArticleShamir launches myopia management lens
Shamir Optical Industry, the Israeli-based lens manufacturer, has announced the launch of Optimee, its first lens in the child myopia management segment. The launch follows the first-year results of a clinical trial with 126 children in Israel which showed that the new lens slowed by 43 percent the axial elongation ...
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News briefs
Moncler eyewear license goes to EssilorLuxottica
EssilorLuxottica and Moncler have announced the signature of an exclusive licensing agreement for the design, production and global distribution of Moncler-branded eyewear, including eyeglasses and sunglasses. The agreement will be in effect from January 2024 until December 2028 with an automatic renewal option for five more years, and the first ...
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ArticleEssilorLuxottica integrates Bliz to sports portfolio
EssilorLuxottica has announced the integration of BLIZ, a brand of sport eyewear, snow goggles and helmets, in its sport portfolio which already includes Oakley and Costa. The brand was previously owned by Future Eyewear, a Swedish-based eyewear company selling and distributing other brands like Dr. Zipe (sport eyewear), Prestige (sunglasses) ...
