All EssilorLuxottica articles – Page 7
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ArticleEssilorLuxottica delivers strong Q2
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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ArticleLuxottica facing €125m penalty from French competition watchdog
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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ArticleEssilux opens smart eyewear innovation center in France
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 ...
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News briefs
EssilorLuxottica renews FIA partnership
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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ArticleQ2 Stock price update: Essilux hits record high
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 by the ...
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ArticleEssilux-GV: transaction closed
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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ArticleEssilux to close GV acquisition
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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ArticleMister Spex, Warby Parker: omnichannel retail going public
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 ...
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News briefs
EssilorLuxottica renew two licenses
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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ArticleEssilux free to terminate GV deal following arbitral decision
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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ArticleDeep Optics kickstarts liquid crystal lenses’ hybrid sunglasses
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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ArticleLuxottica takes 35% stake in Mazzucchelli
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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ArticleKey Essilor directions switched to Italian management
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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ArticleEssilux-GV transaction gets final green light from Turkey
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 ...
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ArticleCVI doubles myopia management sales
Although the segment still accounts for less than 3 percent of CooperVision revenues, much of the talk during the Q2 results’ presentation by the company yesterday revolved around myopia management and the company’s performance in this product category. Answering questions from financial analysts, Al White , president and ...
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ArticleDel Vecchio takes control of Essilux
As largely anticipated by industry observers, EssilorLuxottica ’s annual general assembly marked the end of the dual governance era and saw Leonardo Del Vecchio reinforce his control over the merged group. Implemented in 2018, the merger between two global champions in their respective segments of the ...
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ArticleEssilux ramps up Stellest
Only a few days after announcing significant developments for its myopia management lens in China and the U.S. during its conference call with financial investors, EssilorLuxottica disclosed updated results on its Stellest research during the online congress of the Société Française d’Ophtalmologie a few days ago and ...
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ArticleEssilorLuxottica revenues top 2019 level
EssilorLuxottica confirms its growth trajectory started in the second half of 2020, with sales for the first quarter surging by 7.3 percent from the year-ago quarter to €4,060 million, or by 14.3 percent in constant currencies. This is even 1.9 percent above the level of the first ...
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ArticleInternational sales drove Hoya’s lenses' business in Q1
Hoya Corporation reported a 12 percent year-on-year increase in group revenues for the last quarter of its 2020/21 financial year ended on March 31, 2021, or an 11 percent growth in constant currencies. The quarterly performance was driven by a solid growth in the group’s IT department, but the ...
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ArticleGV reports improved margins on slightly lower sales in Q1
GrandVision reported slightly declining Q1 revenues for 2021 as compared to 2020, as its business was still significantly impacted by the consequences of the Covid-19 pandemic, particularly in Europe. However, the retail group almost doubled its EBITDA over the same period thanks to an overall improved product mix, continued ...
