Insight Report 2 minutes PremiumEssilor and Luxottica Merger to Create Integrated Global Eyewear Powerhouse Coresight Research July 17, 2017 Executive Summary Italy-based Luxottica (LUX.MI) and France-based Essilor (ESSI.PA) have agreed to a powerhouse eyewear industry merger valued at €46 billion. Luxottica’s current market value is €24 billion and Essilor’s is €22 billion. The long-anticipated merger represents one of Europe’s largest cross-border deals and unites the world’s largest consumer eyewear frame manufacturer with one of the main global ophthalmic lens manufacturers. The combined group will offer a comprehensive portfolio of strong brands, global distribution capabilities and complementary expertise in ophthalmic lenses, prescription frames and sunglasses. The deal is expected to be completed in the second half of 2017 This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: China’s 6.18 Shopping Festival 2023: Three Trends To Watch, Discounting To Entice Cautious ConsumersFive Insights from eTail Boston 2023: Building Omnichannel Experiences, Unlocking the Power of Data, and MoreAugust 2023 US Retail Traffic and In-Store Metrics: Apparel Sector Registers Strongest Growth Amid Store-Based Traffic DeclineCertain Categories See E-Commerce Boost: China Consumer Survey Insights
