All EssilorLuxottica articles

  • News briefs

    Mega Optic to produce and distribute Kodak lenses in France

    2021-09-14T13:59:00Z

    Mega Optic, a French subsidiary of the EssilorLuxottica group, will produce and distribute in France Kodak-branded lenses from January 2022. The company said that the Kodak lenses will receive the Origine France Garantie certification, a label guaranteeing that at least 50 percent of the product’s added value is acquired in ...

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    Article

    Facebook and Ray-Ban launch their first smart eyewear

    2021-09-13T09:39:00Z

    About a year after they first announced their partnership, Facebook and Ray-Ban presented last Thursday their first range of smart glasses, called Ray-Ban Stories. Based on the most popular Ray-Ban designs, including the iconic Wayfarer and Wayfarer Large, and available in five color variations, the Ray-Ban Stories embark an optimized ...

  • News briefs

    Essilux buys more GrandVision shares

    2021-09-08T08:39:00Z

    EssilorLuxottica announced yesterday that it has acquired an additional 16,902,305 ordinary shares in GrandVision, at €28.42 each, as part of its mandatory public offer for all shares of the Dutch retail group. The additional shares, which were owned by multiple shareholders and purchased from a single broker, account for about ...

  • News briefs

    EssilorLuxottica launches a share buyback program

    2021-09-01T13:27:00Z

    In accordance with a resolution approved during its last annual general meeting that granted the group to purchase up to 10 percent of its own shares within 18 months at a maximum price of €200 each, EssilorLuxottica announced yesterday the launch of a share buyback program. The company has commissioned ...

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    Article

    GrandVision close to full Covid recovery in Q2

    2021-08-08T13:44:00Z

    For its first results’ presentation since the takeover by EssilorLuxottica on July 1, GrandVision reported a strong rebound in both revenues and profits as compared to last year but fell short of returning to pre-pandemic levels. The recovery was driven by the easing of Covid-related restrictions in most ...

  • News briefs

    EssilorLuxottica names new president of wholesale for North America

    2021-08-05T02:58:00Z

    EssilorLuxottica has appointed Fabrizio Uguzzoni as president of wholesale for the group in North America. Uguzzoni has been working at Luxottica since 2019 after previous experiences at major companies like Whirlpool or Bayer . He started in the eyewear sector as Luxottica’s purchasing director in Italy before ...

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    Article

    EssilorLuxottica delivers strong Q2

    2021-07-31T04:10:00Z

    EssilorLuxottica reported total revenues of €4,709 million for the second quarter of its 2021 fiscal year, up 92.5 percent in reported terms and 103.1 percent at constant exchange rates as compared to 2020. Compared to the same period in the pre-Covid 2019 year, revenues increased by 9.2 percent in ...

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    Article

    Luxottica facing €125m penalty from French competition watchdog

    2021-07-23T09:12:00Z

    L’Autorité de la concurrence , the French market competition regulator, sanctioned Luxottica yesterday with a €125 million penalty for anti-competitive behaviors in France between 2005 and 2014. EssilorLuxottica immediately announced that it would appeal the decision, highlighting that the group had always conducted its business according to the ...

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    Article

    Essilux opens smart eyewear innovation center in France

    2021-07-15T07:51:00Z

    EssilorLuxottica announced earlier this week the creation of a smart eyewear innovation center in France. Located at the group’s production site in Dijon, the new Smart Eyewear Technologies Center aims at reinforcing the company’s expertise and expanding its capabilities in electrochromic – electronically-powered and automated change of the ...

  • News briefs

    EssilorLuxottica renews FIA partnership

    2021-07-08T07:53:00Z

    EssilorLuxottica and the Fédération International Automobile ( FIA ) have announced the extension of their partnership aimed at raising awareness of the importance of good vision for all road users. Road safety has been picked by the United Nations as a pillar of its Sustainable Developments Goals’ program ...

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    Article

    Q2 Stock price update: Essilux hits record high

    2021-07-05T11:59:00Z

    We are giving here our quarterly update on the evolution of the stock price of 19 public companies operating in our core market, which grew by 9.4 percent on average between March 31 and June 30. 2021 - Q2 stock price chart The quarter was marked ...

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    Article

    Essilux-GV: transaction closed

    2021-07-02T03:16:00Z

    As expected since EssilorLuxottica ’s previous announcement two days ago , the group completed on July 1 the acquisition of HAL ’s 76.72 percent stake in GrandVision at the price of €28.42 per share agreed in July 2019. The transaction will amount to a payment of approximatively €5.5 billion ...

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    Article

    Essilux to close GV acquisition

    2021-06-30T09:25:00Z

    EssilorLuxottica announced yesterday that its board of directors has approved the completion of the acquisition of HAL ’s 76.72 percent stake in GrandVision at the price of €28.42 per share that was initially agreed on July 2019. The announcement was followed by a very short statement by ...

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    Article

    ​Mister Spex, Warby Parker: omnichannel retail going public

    2021-06-25T08:07:00Z

    In a press release dated June 22, Mister Spex ’ announced that its floatation at the Frankfurt stock exchange was scheduled for next week, July 2. The company set a price of between €23 and €27 for its initial public offering (IPO), corresponding to a valuation of up to €895 ...

  • News briefs

    EssilorLuxottica renew two licenses

    2021-06-24T08:58:00Z

    EssilorLuxottica announced in the last few days the extension of its eyewear licenses for the development, production and international distribution of sunglasses and eyeglasses under the Coach and the Tory Burch brand. The Coach license agreement has been renewed for five years, until June 20, 2026 while ...

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    Article

    Essilux free to terminate GV deal following arbitral decision

    2021-06-22T07:42:00Z

    Just half an hour apart, EssilorLuxottica and GrandVision both announced yesterday evening that the arbitration proceedings between them ended with a decision favorable to the Italo-French group. The arbitral tribunal declared by majority that GrandVision had breached its obligations under the Support Agreement for the ...

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    Article

    Deep Optics kickstarts liquid crystal lenses’ hybrid sunglasses

    2021-06-22T02:44:00Z

    It took less than twelve hours for the Israeli startup Deep Optics to complete its $25,000 objective in its Kickstarter campaign for the launch of its new 32°N product, a pair of sunglasses with adaptative lenses that can easily be switched to a reading glasses’ function. ...

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    Article

    Luxottica takes 35% stake in Mazzucchelli

    2021-06-16T06:14:00Z

    On June 11, the Italian entity of the EssilorLuxottica group announced the acquisition of a 35 percent share in Mazzucchelli 1849 , the industry leader in the supply of high-end acetate sheets for the fabrication of eyewear frames. The balance of 65 percent of shares remains ...

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    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 ...

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    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 ...