All EssilorLuxottica articles – Page 7
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ArticleGiorgio Armani leaves instructions for the sale of his group
The Italian fashion house Giorgio Armani SpA should sell a 15 percent stake to the French luxury goods group LVMH, the Franco-Italian eyewear group EssilorLuxottica, the French beauty and cosmetics group L’Oréal or another luxury group in the next 12 to 18 months, the designer Giorgio Armani has stipulated in ...
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News briefs
Giorgio Armani dies at 91
Giorgio Armani, the famous Italian fashion designer passed away last week at the age of 91, his company announced in a statement. The group, which he and his partner Sergio Galeotti founded just 50 years ago in 1975, is one of the largest independent fashion businesses today with an annual ...
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ArticleEssilux ups stake in Nikon again, but further steps will require Japan’s green light
Bis repetita, but with a stronger magnitude this time. On Oct. 7 last year, Nikon’s stock value jumped by 8 percent as it emerged from an official filing at a regional finance bureau that EssilorLuxottica had increased its stake in the Japanese group to 5.10 percent. Yesterday (Aug. 27), it ...
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News briefs
SightGlass Vision DOT lenses used by 1 million children
SightGlass Vision, the EssilorLuxottica and CooperVision joint venture, has announced that its Diffusion Optics Technology (DOT) myopia management lenses have been worn by one million children globally since the launch in 2021. The lenses are currently available in China, the Netherlands, Israel, Canada and Spain, with ongoing market trials in ...
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ArticleMeta to release commercial AR glasses by September?
Hypernova smart glasses could come out earlier and cost less than rumors have been suggesting. But where does EssilorLuxottica fit in?
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ArticleRay-Ban Meta drives 110% jump in global smart glasses shipment, AI polarization
Global shipments of smart glasses jumped by 110 percent year on year in the first half of 2025 according to new data from Counterpoint Research, an international research company focusing on high-tech markets. Counterpoint did not communicate a corresponding number of units, but it said in a previous report that ...
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ArticleEssilux acquires lens inspection expert A&R
EssilorLuxottica has announced the acquisition of Automation & Robotics (A&R), the Belgium-based supplier of equipment and software for ophthalmic lens laboratories. The group said that the acquisition would bring deep expertise across the value chain, including R&D, software development, manufacturing, distribution and deployment. “Sharing a commitment to innovation, ...
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ArticleEssilux maintains strong topline growth in H1 but tariffs and wearables slightly dilute margins
EssilorLuxottica revenue amounted to €7,175 million in Q2, up 7.3 percent year on year at constant exchange rates and exactly in line with the group’s Q1 performance. In reported terms, however, the topline rose by 3.2 percent in the quarter, decelerating from the 8.1 percent growth pace in Q1, mainly ...
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ArticleEssilux acquires producer of lens monomers
EssilorLuxottica has agreed to acquire all of the “assets and entities involved in the development, manufacturing and sale of monomers used in the production of high index ophthalmic lenses” of SK PUcore, of South Korea. Among these assets is an R&D unit, a factory, a sales office in Korea and ...
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News briefs
Two changes at Essilux’s North American wholesale
EssilorLuxottica has shifted Ernesto Diaz to Senior Vice President and Chief Marketing Officer for its wholesale operations (Professional Solutions) in North America and Laurie McDonald to Senior Vice President and Chief Commercial Officer for North America’s sport, premium sun and e-commerce channels, according to Vision Monday. Diaz has been with ...
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ArticleMeta takes 3% share in Essilux – with more to come?
What seemed like an only-a-matter-of-time thing since July last year is now a done deal, according to Bloomberg. Meta has acquired a minority stake in EssilorLuxottica, its smart glasses partner. “People familiar with the matter” told the US financial news outlet that the US tech giant had invested around €3 ...
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ArticleHalf of eyewear companies’ stocks fully recovered since US 'reciprocal tariffs' announcement
We are updating here our quarterly stock price chart, looking at how eyewear companies’ stocks have recovered from the US “reciprocal tariffs” shock announcement on April 2. To this end, we are boldening in our table below the names of the twelve companies (out of 25) whose share price has ...
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News briefs
EssilorLuxottica among TIME 100 most influential companies
EssilorLuxottica was selected by TIME magazine as one of the hundred most influential companies in 2025. The eyewear industry behemoth was included in the “Innovators” list, one of five categories in TIME’s annual ranking along with “Disrupters,” “Leaders,” “Titans” and “Pioneers.” EssilorLuxottica’s inclusion in the list primarily owes to ...
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ArticleDelfin shareholders reportedly seek exclusive focus on Essilux investment
A majority of shareholders in the Del Vecchio family holding company Delfin would like Delfin to focus exclusively on its investment in EssilorLuxottica and dispose of non-core investments in financial companies, according to a report in the Italian financial daily Il Sole 24 Ore. Delfin is the largest investor in ...
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ArticleNext brand to receive Meta tech is Oakley
We learned back in February, during Chairman and CEO Francesco Milleri’s presentation of financial results, that EssilorLuxottica is hoping to raise the profitability of “margin dilutive” smart glasses in two ways – by effecting a shift through Transitions lenses toward a full range of prescription options and by taking the ...
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News briefs
Top 50 US retailers up 4% in 2024, research finds
The top 50 US optical retailers saw their total sales rise by 4.0 percent year-on-year to $21.0 billion in 2024, according to Vision Monday’s annual report which can be read in full here. This marks a deceleration from the previous year when sales increased by 8.0 percent. The ranking is ...
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ArticleEssilorLuxottica keeps retail expansion focus on APAC with new acquisition
Malaysian acquisition to add 90 stores to regional retail footprint. Asia-Pacific accounted for 80 percent of new store openings by the group in the last two years.
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News briefs
EssilorLuxottica issues €1bn bond
EssilorLuxottica successfully launched a bond issuance for €1 billion yesterday, with the order book peaking at €2.5 billion and attracting quality institutional investors, the group said. The bond, which will mature in January 2030, carries a coupon of 2.625 percent with a yield of 2.76 percent. The group said that ...
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ArticleEssilorLuxottica enters eye surgery field with new med-tech acquisition
EssilorLuxottica has announced the acquisition of Optegra, an international group supplying eye surgeries and other eye care treatments, from MidEuropa, a private equity firm that acquired the business at the end of 2022. The announcement follows a comment made a few weeks ago at EssilorLuxottica’s annual general assembly by Francesco ...
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ArticleGoogle kicks off smart glasses platform with multiple eyewear partnerships, including investment in Warby Parker
“As you know, we have been building glasses for over ten years. And we have never stopped,” said Shahram Izadi, Vice President and General Manager of Google’s Android XR unit, at the group’s I/O developers conference yesterday before opening its smart glasses presentation. The introductory remark was probably meant to ...
