All EssilorLuxottica articles – Page 3
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News briefs
EssilorLuxottica expands collaboration with ESSEC through circularity MOOC
EssilorLuxottica is expanding its collaboration on circular economy with the French-based ESSEC business school. The Italo-French eyewear group is one of the three partners, along with L’Oréal and Bouygues, in a new Massive Open Online Course (MOOC) just launched by the school. The 4.5 hour online course, available in French ...
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ArticleEssilorLuxottica unveils Ray-Ban Reverse collection
EssilorLuxottica has officially announced the launch of Ray-Ban Reverse, giving more details on the new sunglasses that were described as a “revolution” and a “reinvention” during the group’s last financial results presentation. The Reverse collection’s innovation lies in the design of the frames lenses that come with an inverted look ...
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ArticleEssilorLuxottica signs JV with GCC luxury powerhouse
EssilorLuxottica has announced the signature of a joint venture agreement with Chalhoub Group, a regional leader in luxury fashion and cosmetics retail, for the development of its eyewear retail footprint in the Gulf Cooperation Council (GCC) region. The partnership will combine EssilorLuxottica’s eyewear expertise, in terms of technology and retail, ...
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News briefs
LVMH brings Bulgari eyewear license home
Thélios, the eyewear division of LVMH, has announced the signature of a new eyewear license with Bulgari, also an entity of the French luxury group. The agreement will start on January next year and includes the design, production and distribution of Bulgari-branded eyewear. The announcement was widely expected following the ...
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News briefsOliver Peoples partners with Federer on co-branded eyewear
Oliver Peoples, a brand of EssilorLuxottica, has signed an exclusive licensing agreement with Roger Federer for the design, manufacture and worldwide distribution of co-branded eyewear under the RF - Oliver Peoples’ name until 2025. The first collection will be available in the spring of next year.
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ArticleEssilux picks up speed in Q1, progresses on GV integration
After the group reported a relative deceleration in topline growth for the last quarter of 2022 two months ago, EssilorLuxottica has announced a sharp uptick in sales for Q1 2023 with group revenue increasing by 9.7 percent year-on-year to €6,151 million. At constant exchange rates, sales were up by 8.6 ...
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ArticleEyewear stocks start 2023 on the right foot
Stock prices of eyewear companies were off to a good start of the year, with an average growth of 13 percent on a non-weighted basis in Q1 2023 compared with Q4 2022. It is the first time in more than a year that their average value significantly increased, overperforming the ...
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News briefs
Essilux announces record level of employee shareholding
EssilorLuxottica has announced that 58,000 employees subscribed to its employee shareholding plan last year, representing a 65 percent subscription rate among eligible staff. At the end of the year, a total of 72,000 employees in 85 countries hold a share in the group compared with 63,000 in 2020 and 67,000 ...
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News briefs
Essilux-Bulgari eyewear license to expire at the end of the year
Italian news agency Ansa and other media in the country report that the eyewear license between Bulgari, a brand of the LVMH group, and EssilorLuxottica will not be extended when it expires at the end of this year. It seems very likely that Thélios, the eyewear division of LVMH, will ...
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News briefs
Essilux to invest $11m in support of future U.S. optometrists
Against the backdrop of a lingering shortage of eye care professionals in the U.S., EssilorLuxottica has announced that it would invest $11 million in the next two years in support of future optometrists in the country, in partnership with the Association of Schools and Collegues (ASCO). The budgeted amount includes ...
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News briefs
A wind-powered Essilux
EssilorLuxottica has signed a 12-year Power Purchase Agreement (PPA) with ERG Power Generation in Italy. Taking effect this year, the contract covers the provision of about 900 GWh of electricity from renewable sources, or about 75 percent of production at ERG’s Partinico-Monreale plant, near Palermo. The plant is replacing all ...
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ArticleEssilorLuxottica posts record revenue for 2022 despite Q4 slowdown
In spite of a relative slowdown in the last quarter of the year, EssilorLuxottica announced yesterday a record €24.5 billion in annual revenue for 2022, up by 23.6 percent year-on-year in reported terms. Comparable annual revenue – which is calculated as if GrandVision had been integrated from Jan.1, 2021 – ...
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News briefsEssilux extends deal with U.S. retail giant
EssilorLuxottica’s renewed multi-year deal with Target took effect on Feb. 12. The U.S. retail chain sells eyewear products and services through Target Optical, which is present within some 560 of its big-box stores and operates the website TargetOptical.com.
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ArticleThe trade-off game behind Ray-Ban Stories
On its website, Meta has laid out the two-year saga behind the development of its joint-product with the EssilorLuxottica brand Ray-Ban: the Stories series of smart glasses. One of the concerns was privacy, which for Meta amounts to protection – for wearers and the people around them – against unwanted ...
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ArticleEssilux to launch new AI-powered Varilux lens
After it skipped the 2022 edition of MIDO, EssilorLuxottica came back in force to the Milan trade show this year with a stand surface of over 1,000 square meters to present its range of frames, lenses and instruments. The group presented, for the first time at the show and in ...
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News briefs
Essilux launches PD measuring app in the U.S.
EssilorLuxottica has announced on its website the launch of Ophty, an Iphone application enabling eyeglasses’ e-shoppers to measure their pupillary distance (PD) by themselves. The new software is currently only available on Apple’s U.S. app store but will be soon rolled out in other markets, the group said.
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News briefs
GrandVision’s Apollo CEO steps down
Dr.Jörg Ehmer, managing director of GrandVision Germany & Austria and CEO of Apollo, one of the group’s largest retail chain, has decided to resign from his functions, the company announced in a press release. Ehmer, who joined GrandVision in 2014, said that it was the right moment for him to ...
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News briefs
FGX signs LOI with Eastman for Tritan Renew procurement
FGX International, a subsidiary of the EssilorLuxottica group, has signed a letter of intent (LOI) with Eastman to reserve a “significant” volume of the company’s Tritan Renew to be produced at the materials’ supplier new plant in Kingsport, which will become operational later this year. Tritan Renew is a copolyester ...
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News briefsEssilux and Ferrari stay together
EssilorLuxottica has extended the partnership it established in 2016 with Ferrari. The new multi-year agreement will be taking effect on Jan. 1. Essilux will continue to design, produce and market eyewear under the Scuderia Ferrari and Ray-Ban brands and will add a monobrand Ferrari collection. Meanwhile, the Ray-Ban logo will ...
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News briefs
EssilorLuxottica adds Swarovski Eyewear to portfolio
Swarovski and EssilorLuxottica have signed an exclusive license agreement for the design, manufacture and global distribution of Swarovski Eyewear. The partnership will be effective until the end of 2028, with a renewal option for an additional five-year term. The first collection will be developped under the leadership of Giovanna Engelbert, ...
