All EssilorLuxottica articles – Page 6
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ArticleTop 5 eyewear companies’ stock prices up 4.6 % in Q4
We are updating here our quarterly chart on the evolution of stock prices for the public companies in the eyewear market, including manufacturers, distributors or retailers of contact lenses, prescription lenses, eyeglasses and sunglasses. We are also publishing a ranking of these 22 companies based on their stock market value. ...
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ArticleMPG doubles down in retail, taking over 177 Essilux shops
Just a few days after the announcement of an agreement with the Vision Group for the takeover of 174 of their Italian stores, EssilorLuxottica and GrandVision have announced that they have found an acquirer for 177 of their retail locations in the Benelux. Both divestments had been agreed with the ...
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News briefs
Essilux concludes public offer for GrandVision shares
EssilorLuxottica has announced the expiration of the post-acceptance period of the group’s public offer for outstanding shares of GrandVision. At the end of the process, the company owns 99.84 percent of the Dutch-based retail group’s capital. EssilorLuxottica will now initiate statutory buy-out proceedings in order to obtain 100 percent of ...
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ArticleEssilorLuxottica divests shops in Italy, invests in Sweden
EssilorLuxottica and its retail subsidiary GrandVision announced on Dec. 17 that they have found an agreement for Vision Group to acquire their VistaSi chain in Italy, including the brand and 99 stores, as well as 75 GrandVision stores in the country. The financial terms of the transaction were not disclosed. ...
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News briefs
EssilorLuxottica share in GrandVision rises to 99.73%
EssilorLuxottica announced on Dec. 6 the results of its mandatory public offer for the remaining GrandVision’s share, following the expiry last Friday of the acceptance period started last Oct. 8. During the process, the Italo-French group acquired an additional 33.2 million shares in the Dutch-based retail group at €28.42 each ...
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ArticleEMEA rebound drove CooperVision in Q4
CooperVision has reported a 12 percent year-on-year increase in Q4 revenues to $564.8 million, an 11 percent hike at constant exchange rates. As compared to 2019, sales grew by 10.8 percent. Commenting on the quarterly results, Al White, CEO of CooperCompanies, noted that the revenue growth had been driven by ...
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News briefs
Essilux joins ESSEC’s Global Circular Economy Chair
EssilorLuxottica has announced that it was one of the founding partners in the launch of ESSEC Business School’s Global Circular Economy Chair, a program aimed at training 120 future circular economy managers. L’Oréal and Bouygues, a diversified group with construction and media businesses, are also supporting the new Chair that ...
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News briefs
EssilorLuxottica invests in Synsam too
EssilorLuxottica has become the second largest shareholder of Synsam, following the retailer’s Initial Public Offering (IPO) as the Nasdaq Stockholm stock exchange. EssilorLuxottica, which was not listed as a major investor in the Swedish company’s prospectus, purchased about 10 million shares, corresponding to a participation of 6.6 percent. The investment ...
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ArticleDTC and America drove EssilorLuxottica’s Q3 growth
Reporting its results for the first time since the integration of GrandVision business, consolidated in the accounts since July 1, EssilorLuxottica reported a 33 percent increase in Q3 revenues to €5,473 million as compared to 2019 and in constant currencies. On a comparable basis, total sales in the quarter for ...
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News briefs
Ray-Ban enters the NFT market
EssilorLuxottica is entering the world of non-fungible tokens (NFTs) with its Ray-Ban brand in collaboration with Extraweg, a German artist renown for its 3D Motion Designs. NFTs, which are assets certifying the authenticity and uniqueness of digital products, have been gaining popularity in the contemporary art sector in the last ...
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ArticleGrandVision reports 10% comparable Q3 growth vs. 2019
GrandVision reported a 2.0 percent year-on-year increase in Q3 revenues to €1,068 million, also representing a 2.3 percent hike as compared to the €1,045 million reported for the pre-pandemic 2019 year. However, on a comparable currency basis, the group’s total quarterly sales grew by 5.8 percent as compared to Q3 ...
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ArticleFirst launch and 2-year trial results announced for SightGlass Vision
In conjunction with the commercial launch of the product in the Netherlands, CooperVision released last week the results of the ongoing clinical trial on the performance of its SightGlass Vision lenses in terms of myopia progression reduction after two years of research. The CYPRESS clinical study, as it is called, ...
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ArticleEssilux launches mandatory public offer for GrandVision shares
EssilorLuxottica and GrandVision jointly announced on Oct. 7 the launch of the recommended mandatory public offer for the purchase by the Italio-French group of all remaining shares in the Dutch retail group’s capital. As already communicated a few weeks ago, the price of the mandatory offer is set at €28.42 ...
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ArticleEyewear industry stock prices up 3.5% in Q3
We are publishing here our quarterly update on the evolution in stock prices of public companies operating in our core eyewear market, including manufacturers, distributors or retailers of contact lenses, prescription lenses, eyeglasses and sunglasses. As shown in the chart below, the non-weighted average growth for the 22 companies included ...
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News briefs
Mega Optic to produce and distribute Kodak lenses in France
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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ArticleFacebook and Ray-Ban launch their first smart eyewear
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 ...
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News briefs
Essilux buys more GrandVision shares
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 ...
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News briefs
EssilorLuxottica launches a share buyback program
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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ArticleGrandVision close to full Covid recovery in Q2
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 ...
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News briefs
EssilorLuxottica names new president of wholesale for North America
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 ...
