All EssilorLuxottica articles

  • EssilorLuxottica logo
    Article

    Key Essilor directions switched to Italian management

    2021-06-11T12:14:00Z

    According to a report by the French business newspaper Les Échos on June 9, Francesco Milleri , CEO of EssilorLuxottica since the last general assembly of shareholders, has been appointed as Essilor International ’s CEO as well, taking over responsibilities assumed since April last year ...

  • Article

    Essilux-GV transaction gets final green light from Turkey

    2021-06-11T12:05:00Z

    All regulatory lights are now green for EssilorLuxottica and GrandVision as Rekabet Kurumu , the Turkish regulator, gave its blessing to the transaction between both parties, through which the Franco-Italian company would purchase 76.72 percent of HAL ’s interest in the Dutch-based retail group. The Turkish regulator’s ...

  • CooperVisionlenses
    Article

    CVI doubles myopia management sales

    2021-06-04T10:47:00Z

    Although the segment still accounts for less than 3 percent of CooperVision revenues, much of the talk during the Q2 results’ presentation by the company yesterday revolved around myopia management and the company’s performance in this product category. Answering questions from financial analysts, Al White , president and ...

  • EssilorLuxottica logo
    Article

    Del Vecchio takes control of Essilux

    2021-05-25T01:35:00Z

    As largely anticipated by industry observers, EssilorLuxottica ’s annual general assembly marked the end of the dual governance era and saw Leonardo Del Vecchio reinforce his control over the merged group. Implemented in 2018, the merger between two global champions in their respective segments of the ...

  • EssilorLuxottica logo
    Article

    Essilux ramps up Stellest

    2021-05-14T08:08:00Z

    Only a few days after announcing significant developments for its myopia management lens in China and the U.S. during its conference call with financial investors, EssilorLuxottica disclosed updated results on its Stellest research during the online congress of the Société Française d’Ophtalmologie a few days ago and ...

  • EssilorLuxottica_HardCoating02
    Article

    EssilorLuxottica revenues top 2019 level

    2021-05-07T07:30:00Z

    EssilorLuxottica confirms its growth trajectory started in the second half of 2020, with sales for the first quarter surging by 7.3 percent from the year-ago quarter to €4,060 million, or by 14.3 percent in constant currencies. This is even 1.9 percent above the level of the first ...

  • Hoya
    Article

    International sales drove Hoya’s lenses' business in Q1

    2021-05-03T07:31:00Z

    Hoya Corporation reported a 12 percent year-on-year increase in group revenues for the last quarter of its 2020/21 financial year ended on March 31, 2021, or an 11 percent growth in constant currencies. The quarterly performance was driven by a solid growth in the group’s IT department, but the ...

  • GrandVision_logo
    Article

    GV reports improved margins on slightly lower sales in Q1

    2021-04-23T11:50:00Z

    GrandVision reported slightly declining Q1 revenues for 2021 as compared to 2020, as its business was still significantly impacted by the consequences of the Covid-19 pandemic, particularly in Europe. However, the retail group almost doubled its EBITDA over the same period thanks to an overall improved product mix, continued ...

  • Article

    ECOO, ZVA criticize EU decision in Essilux-GV case

    2021-04-16T07:08:00Z

    The European Council of Optometry and Optics ( ECOO ), the Brussels-based umbrella association, and the Zentralverband der Augenoptiker und Optometristen ( ZVA ), the German association of opticians and optometrists, both released official statements at the end of last month criticizing the terms of the European Commission ...

  • News briefs

    Chile conditionally approves Essilux-GV transaction

    2021-04-13T01:55:00Z

    GrandVision announced yesterday that Fiscalía Nacional Económica , the market regulator for Chile, just approved the transaction agreed with EssilorLuxottica in July 2019, following the steps of Brazil, Colombia, Mexico, the U.S., and most recently the European Union. This decision leaves Turkey as the only country where the ...

  • News briefs

    Dutch Appeal Court rules in favor of GrandVision in Essilux case

    2021-04-07T11:52:00Z

    The Amsterdam Court of Appeal ruled yesterday in favor of GrandVision in the lawsuit opposing the retail group to EssilorLuxottica , confirming the earlier judgement by the District Court in August last year. The Franco-Italian group claimed that GrandVision had been retaining information in relation to the management ...

  • Article

    Vision Group interested in Essilux and GV Italian stores

    2021-04-06T12:05:00Z

    Vision Group , one of the leading Italian retail players, said that it was interested in studying the takeover of the 174 Italian stores to be divested if EssilorLuxottica and GrandVision eventually agree on the planned takeover. The divestment, which is a prerequisite for the European Commission to ...

  • markus-winkler-IrRbSND5EUc-unsplash
    Article

    Eyewear industry stock prices up 10% in Q1

    2021-04-06T01:09:00Z

    Following the publication for the first time of our industry stock market capitalization at the start of the year, we are providing here a quarterly update for the evolution of the stock price of 19 stock listed companies operating in our core market, showing its evolution between Jan. 1 ...

  • News briefs

    Essilux acquires Walman in the U.S.

    2021-03-26T08:24:00Z

    After having put business acquisitions on hold last year as cost control became a priority in a Covid-19 market environment, EssilorLuxottica is back on the external growth track with the acquisition of Walman in the U.S., which was announced yesterday. Created in 1915 and based in Minneapolis, Walman ...

  • EssilorLuxottica logo
    Article

    EU green light for Essilux-GrandVision merger

    2021-03-24T08:36:00Z

    Putting a final point to an investigation started in December 2019, the European Union (EU) announced yesterday evening its conditional clearance for the acquisition of GrandVision by EssilorLuxottica . The green light is conditioned to the divestment, proposed by EssilorLuxottica, of a total of 351 stores in Belgium, ...

  • Article

    Essilux proposes a new slate of board directors

    2021-03-01T05:01:00Z

    EssilorLuxottica ’s board has released a new slate of candidates for the board of directors that will be proposed to shareholders at the forthcoming annual general meeting (AGM). The company’s representatives are Leonardo Del Vecchio , Francesco Milleri , Paul du Saillant , Romolo Bardin , and Juliette Favre ...

  • GrandVision_logo
    Article

    GrandVision revises down slightly its Q4 results

    2021-02-28T17:13:00Z

    In the fourth quarter, GrandVision posted revenues of €981 million, down by 1.8 percent at actual currency rates and up by 1.0 percent at constant currency rates. Comparable sales growth was 0.7 percent. In its preliminary results, released on Jan. 22, the Dutch optical retailer had estimated comparable ...

  • EssilorLuxottica logo
    Article

    EU to decide on Essilux's takeover of GrandVision on April 12

    2021-02-15T07:34:00Z

    The European Commission has set April 12, 2021 as the latest deadline for the end of an in-depth investigation into EssilorLuxottica’ s proposed €7.2 billion takeover of GrandVision . The deadline has been postponed several times. The proposed deal, referred to as case M.9569, was notified to ...

  • News briefs

    Giorgio Armani to include sustainable eyewear

    2021-02-15T07:31:00Z

    The Italian fashion company Giorgio Armani will include ecologically sustainable eyewear models for its brands Giorgio Armani, Emporio Armani and A|X Armani Exchange . During 2021, about 20 new sunglasses and prescription frames, for men and women, will be introduced using recycled and recyclable materials. The ...

  • News briefs

    44% of EssilorLuxottica’s employees are shareholders

    2021-02-08T06:36:00Z

    EssilorLuxottica announced that a record 44 percent of its employees are shareholders at the end of its 2020 international employee share ownership campaign called Boost 2020. The subscription rate reached over 62 percent of eligible employees. Following the campaign, about 63,000 EssilorLuxottica employees in 81 countries hold a ...