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EssilorLuxottica

  • Friday, 1 November, 2024
    Interview
    EssilorLuxottica bets on glasses replacing smartphones as value hits €100bn

    Eyewear giant chief Francesco Milleri says wearable technology developed with Meta will fuel growth

    Francesco Milleri
  • Sunday, 27 October, 2024
    EssilorLuxottica backs Del Vecchio as hacking probe escalates

    Heir to eyewear giant is one of dozens under investigation by Milanese authorities

    Pairs of Ray-Ban sunglasses on display in a Ray-Ban store
  • Thursday, 18 July, 2024
    Meta Platforms
    Meta explores stake in Ray-Ban maker EssilorLuxottica

    Facebook owner considers multibillion investment in European eyewear group to expand smart glasses partnership

    A montage of a picture of Mark Zuckerberg and a Ray-Ban sunglasses
  • Wednesday, 17 July, 2024
    EssilorLuxottica expands into streetwear with $1.5bn Supreme deal

    Franco-Italian group adds US brand to portfolio in first foray outside eyewear and lenses

    Rihanna wearing a Supreme hat
  • Saturday, 9 March, 2024
    Kering SA
    Kering and EssilorLuxottica among suitors for eyewear maker Marcolin

    Italian company has been put up for sale by PE owners

    Tom Ford logo
  • Tuesday, 25 July, 2023
    EssilorLuxottica to move into hearing aids after buying Israeli start-up

    World’s largest eyeglasses group to make lenses fitted with acoustic technology developed by Nuance Hearing

    A range of Ralph Lauren sunglasses, manufactured by EssilorLuxottica
  • Monday, 27 June, 2022
    Leonardo Del Vecchio
    Luxottica founder Leonardo Del Vecchio dies aged 87

    Entrepreneur raised in an orphanage started work at 14 and rose to become Italy’s second-richest man

    Leonardo Del Vecchio
  • Friday, 10 September, 2021
    LexMeta Platforms
    Facebook: Ray-Ban camera glasses lack selfie appeal Premium content

    Doling out returns may not be something either company has to spend much time calculating

    A woman wearing Ray-Ban smart glasses
  • Thursday, 9 September, 2021
    Meta Platforms
    Facebook and Ray-Ban launch camera glasses

    Eyewear incorporates two tiny cameras and an array of miniature microphones and speakers

    Ray-ban smart glasses and Facebook
  • Friday, 21 May, 2021
    EssilorLuxottica ends 3-year governance battle

    Francesco Milleri confirmed as chief as public fight over who runs European eyewear group finally put to rest

  • Tuesday, 23 March, 2021
    EU set to clear EssilorLuxottica’s €7.2bn acquisition of GrandVision

    Antitrust approval subject to sale of more than 350 retail stores across Belgium, Italy and the Netherlands

  • Saturday, 18 July, 2020
    EssilorLuxottica sues takeover target over access to Covid-19 information

    GrandVision denies breaking terms of so-called support agreement

  • Tuesday, 9 June, 2020
    EU business regulation
    EU warns EssilorLuxottica deal for GrandVision could harm competition

    Brussels concerned €7bn merger will hurt wholesale market for eyewear and lead to higher prices

    EssilorLuxottica, the maker of Ray-Ban sunglasses, must respond to EU regulators’ concerns in writing by the end of the month
  • Friday, 17 April, 2020
    EssilorLuxottica faces coronavirus hit over GrandVision deal

    Approvals delayed because of shutdown threaten to trigger penalties in takeover agreements

  • Wednesday, 11 March, 2020
    EssilorLuxottica’s deal for GrandVision draws EU scrutiny

    Regulators are asking the Europe’s independent opticians if they have concerns

    Ray-Ban luxury sunglasses, manufactured by Luxottica Group SpA, stand on display in an opticians in London, U.K., on Monday, Jan. 16, 2017. French lensmaker Essilor International SA agreed to buy Luxottica Group SpA, the maker of Ray-Ban sunglasses, for about 22.8 billion euros ($24 billion) in stock, combining the largest manufacturer and retailer in eyewear. Photographer: Chris Ratcliffe/Bloomberg
  • Wednesday, 19 February, 2020
    Business InsightMiles Johnson
    Business counts more than family in Italian family businesses

    Why dynastic multinationals outperform listed companies by often eye-popping margins

    FILE PHOTO: Miniature glasses with hazelnut spread Nutella at a restaurant in Seeheim near Darmstadt, Germany, March 27, 2016. REUTERS/Kai Pfaffenbach/File Photo
  • Monday, 30 December, 2019
    Lex
    Essilor/Luxottica: eyes on the prize Premium content

    To ease shareholders’ concerns, the board needs a clear vision over how the group will be run

    Essilor’s Hubert Sagnières, left, and Luxottica’s Leonardo Del Vecchio do not see eye to eye on who will run the enlarged group
  • Monday, 30 December, 2019
    EssilorLuxottica discovers ‘fraudulent activities’ at Thai plant

    Franco-Italian group seeks to recover misappropriated funds of up to €190m

    FILE PHOTO: Sunglasses from Ray Ban, a Luxottica owned brand, are on display at an optician shop in Hanau, Germany, March 18, 2016. REUTERS/Kai Pfaffenbach/File Photo
  • Sunday, 13 October, 2019
    News in-depth
    Leonardo Del Vecchio, the Italian billionaire defying old age

    The 84-year-old entrepreneur has shaken up Italian finance by taking a stake in Mediobanca

    Leonardo Del Vecchio has emerged as one of the most active, and sometimes combative, figures in corporate Europe
  • Wednesday, 31 July, 2019
    EssilorLuxottica agrees €7bn deal for rival GrandVision

    Deal adds more than 7,200 stores globally to eyewear group but analysts warn of potential antitrust hurdles

    An employee holds a selection of Ray-Ban Aviator sunglasses, manufactured by Luxottica Group SpA, in an opticians in London, U.K., on Monday, Jan. 16, 2017. French lensmaker Essilor International SA agreed to buy Luxottica Group SpA, the maker of Ray-Ban sunglasses, for about 22.8 billion euros ($24 billion) in stock, combining the largest manufacturer and retailer in eyewear. Photographer: Chris Ratcliffe/Bloomberg
  • Wednesday, 31 July, 2019
    LexRetail & Consumer industry
    EssilorLuxottica/GrandVision: making a spectacle Premium content

    Appointment of a group chief is a step that should have already been made

    The acquisition bolsters EssilorLuxottica's retail presence
  • Wednesday, 17 July, 2019
    Personal & Household Goods
    EssilorLuxottica eyes deal for Dutch retailer GrandVision

    Takeover would see French-Italian group absorb chain with more than 7,000 stores

    A pedestrian passes an advert for Ray-Ban luxury sunglasses outside a Sunglass Hut store, operated by Luxottica Group SpA, in London, U.K., on Monday, Jan. 16, 2017. French lensmaker Essilor International SA agreed to buy Luxottica Group SpA, the maker of Ray-Ban sunglasses, for about 22.8 billion euros ($24 billion) in stock, combining the largest manufacturer and retailer in eyewear. Photographer: Chris Ratcliffe/Bloomberg
  • Thursday, 16 May, 2019
    EssilorLuxottica shareholders reject independent board members

    Investors remain sceptical about reality of detente at Italian-French eyewear group

    FILE PHOTO: Sunglasses from Ray Ban, a Luxottica owned brand, are on display at an optician shop in Hanau, Germany, March 18, 2016. REUTERS/Kai Pfaffenbach/File Photo
  • Tuesday, 14 May, 2019
    News in-depth
    EssilorLuxottica accord requires a leap of faith

    Warring Italian-French eyewear company seeks to appease investors ahead of AGM

    An employee holds a selection of Ray-Ban Aviator sunglasses, manufactured by Luxottica Group SpA, in an opticians in London, U.K., on Monday, Jan. 16, 2017. French lensmaker Essilor International SA agreed to buy Luxottica Group SpA, the maker of Ray-Ban sunglasses, for about 22.8 billion euros ($24 billion) in stock, combining the largest manufacturer and retailer in eyewear. Photographer: Chris Ratcliffe/Bloomberg
  • Monday, 13 May, 2019
    LexCorporate governance
    EssilorLuxottica: vision impaired Premium content

    Governance problems will make the new boss’s task much harder

    IMAGE DISTRIBUTED FOR ESSILOR - Essilor of America celebrated the total solar eclipse at its Opticraft Optical Lab on Monday, Aug. 21, 2017, in Portland, Oregon. Employees of the lab took a safe glimpse at the once-in-a-lifetime phenomenon. Ella Osborne, a 9-year-old local vision advocate who has lobbied for a bill that would provide enough money for every Oregon elementary student to get their eyes checked, was the host and guest of honor for the event. (Craig Mitchelldyer/AP Images for Essilor)
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