All EssilorLuxottica articles
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News briefs
Essilux partners with WHO on eyecare program
EssilorLuxottica has announced that its OneSight EssilorLuxottica Foundation has become a global collaborating partner of SPECS 2030, an eye care program by the World Health Organization (WH0). The SPECS initative focuses on five pillars: improving access to refractive services, building the capacity of eye care professionals, promoting eye health awareness, ...
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News briefs
Essilux and WCO partner on presbyopia education
EssilorLuxottica and the World Council of Optometry (WCO) have announced the launch of a new joint educational program aimed at providing comprehensive guidelines on presbyopia to eye care practitioners and, more generally, to establish a global standard of care for the eye condition. Dubbed “Presbyopia and the Aging Eye,” ...
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ArticleSolid but slower revenue growth and pressured margins for Synsam in Q3
The leading optical retailer in the Nordics posted a 7 percent revenue increase in Q3, but customer sentiment, competition and an acceleration in its store openings program pressured margins in Q3.
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ArticleJapan optical retail market value inch up on cautious price hikes
The IOFT eyewear trade show, which took place in Tokyo from Oct. 15 to 17, was the opportunity for us to assess the dynamics of the Japanese eyewear market, in collaboration with Gankyo Publishing, a local B2B eyewear publisher and research company. The eyewear show itself was this year again ...
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ArticleEssilux backs chief strategy officer Leonardo Maria Del Vecchio amid hacking probe
EssilorLuxottica has expressed its support for Leonardo Maria Del Vecchio, its chief strategy officer and the son of the late founder of Luxottica, amid a probe that has seen four individuals placed under arrest and Del Vecchio and dozens of others being investigated by the Milan public prosecutor’s office for ...
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ArticleApple to turn AirPods into hearing aids
This autumn, Apple will be releasing a software update that will turn the AirPods Pro 2 into a pair of hearing aids and a little more. According to the company, AirPods, with their in-ear seal and noise cancellation, can perform hearing tests in combination with an iPhone or iPad. For ...
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News briefs
Change at the helm of Nikon-Essilor JV
We have learned that Ludovic Mathieu, President, CEO and Representative Director of the Japan-based Nikon-Essilor joint venture since 2020, is leaving the company. He will be replaced by Bo Kajiwara, Senior Associate Vice President of Nikon Corporation, who joined the Nikon-Essilor board of directors in April this year. On top ...
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News briefs
French retail group Atol partners with Essilux’ Leonardo training platform
Atol, a French voluntary retail group with close to 800 shops in France, has announced the signing of an exclusive partnership with Leonardo, EssilorLuxottica’s training platform. Atol collaborators will be able to access a variety of jointly developed training sessions on a dedicated website. This training partnership between Leonardo and ...
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ArticleEssilux Q3 topline up 2% as EMEA and APAC slow down slightly
EssilorLuxottica Q3 sales were up by 4 percent year-on-year to €6.4 billion with innovations in lenses and smart eyewear contributing significantly.
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ArticleIndustry stocks inched up in Q3, driven by contact lens companies
The share price of stock-listed eyewear companies increased by 1.5 percent in the three-month period ended Sept. 30, underperforming the MSCI World Index which includes 1,500 companies worldwide across different sectors and grew by 6.7 percent. As usual, however, our quarterly eyewear industry-specific average is calculated on a non-weighted average ...
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ArticleNikon stock value jumps on Essilux 5% stake news
Nikon Corporation stock price increased significantly after official filings revealed that EssilorLuxottica, its long-time partner in ophthalmic lenses, had increased its stake in the company to 5.1 percent.
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News briefs
LVMH invests in Moncler
French luxury conglomerate LVMH, through a special purpose vehicle, has purchased a 10 percent stake in Double R, the investment vehicle controlled by Ruffini Partecipazioni Holding, which owns a direct stake in Moncler of around 15.8 percent. The financial terms of the deal were not disclosed. Under the terms of ...
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News briefs
WCO studies scope of optometry practice in 39 countries
The World Council of Optometry (WCO) has published here a new study on the optometric demographics within its 39 member countries, gathering information on the scope of practice and legislation. Among the main findings, the organization stressed that an optometrists serves 23,200 persons on average in the countries surveyed and ...
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News briefsEssilorLuxottica to establish new global HQ in Paris
EssilorLuxottica will move its global headquarters to the Austerlitz district in Paris by late 2027, bringing up to 2,000 people under the same roof.
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ArticleEssilux and Meta announce long-term partnership
EssilorLuxottica and Meta have announced that they will collaborate on the development of multi-generational smart eyewear products into the next decade, building on their Meta Ray-Ban success.
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News briefs
EssilorLuxottica issues €2 billion bond
EssilorLuxottica has announced the successful issuance of a bond for a total amount of €2 billion, coming with 4.5 and 7.5 year tranches and an average rate, after hedging, of 2.99 percent. The order book peaked at close to €5 billion, attracting quality institutional investors, demonstrating high confidence in EssilorLuxottica’s ...
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News briefs
EssilorLuxottica enters Romanian retail market with new acquisition
EssilorLuxottica has announced the full acquisition of Optical Investment Group (OIG) from private equity fund Innova Capital Group and a group of individual minority shareholders. Established in 2019, OIG directly operates 99 stores in Romania under three banners – OPTIBlu, Optiplaza and O5 – as well as e-commerce websites with ...
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ArticleEssilux posts solid Q2 results, answers questions on Supreme, Meta
EssilorLuxottica has posted solid results for the first six months of 2024 with a continued mid-single-digit revenue progression in Q2, which was almost an exact duplicate of the Q1 performance, and gross and operating margin expansions. We cover the results in more detail in the second part of this article. ...
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ArticleMister Spex founder and CEO steps down, former Luxottica manager takes key role
Effective July 31, 2024, Dirk Graber, founder of German-based retail group Mister Spex, is stepping down from his role as CEO of the company after the supervisory board accepted his request to be relieved from his duties. The announcement, which comes only a few months after the departure of former ...
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ArticleMeta reportedly in discussion to take a 5% stake in Essilux
On the day following the announcement of streetwear brand Supreme by EssilorLuxottica, both the Financial Times and the Wall Street Journal (WSJ) reported that Meta was in talks to acquire a 5 percent stake in the Italo-French eyewear group. The news sent EssilorLuxottica’s share price back up after a 4.5 ...
