Essilor and Luxottica are highly complementary businesses due to minimal overlap in ophthalmic lenses (Essilor) and sunglasses/frames (Luxottica). Francesco Milleri, originally of Luxottica, will become chief executive with Paul du Saillant, of Essilor, stepping up as deputy CEO, the group said, until its shareholder meeting in 2021. Français. This younger and more focussed executive team brings together ample experience of the combination with Luxottica in many key areas and illustrates the rich talent pool of Essilor. X. French eyewear company Essilor, which is in the process of merging with Italian peer Luxottica, reported a dip in first-quarter sales on Friday as currency swings impacted its business.... | September 30, 2020 Economic calendar. ESSILORLUXOTTICA (EL) Add to my list. Delfin S.à.r.l, the majority shareholder of Luxottica Group S.p.A. and Essilor International (Compagnie Générale d’Optique), today announced the successful completion of the combination of Essilor and Luxottica. Charenton-le-Pont, FRANCE. Our Stock Picks. This is the vision that inspires Luxottica’s sustainable business approach and is an integral part of the Group’s strategy. FINANCIAL CALENDAR. Essilor and Luxottica are highly complementary businesses due to minimal overlap in ophthalmic lenses (Essilor) and sunglasses/frames (Luxottica). Trabalhar na Luxottica significa crescer dentro de uma equipe apaixonada e talentosa, em um ambiente dinâmico que promove a inovação, o espírito empreendedor e valoriza o desenvolvimento e a diversidade. Essilor’s shareholders approved all the resolutions proposed to the two meetings, including those concerning the planned combination between Essilor and Luxottica. To this end, Paul du Saillant, 61, is appointed CEO of Essilor. Lack of awareness and access have led to a global vision crisis with severe social and economic consequences for billions of people. The first product will be branded Ray-Ban, the world’s most popular eyewear brand, and is scheduled to launch in 2021. The combined holding company named EssilorLuxottica is a global leader in the design, manufacture and distribution of ophthalmic lenses, prescription frames and sunglasses. Del Vecchio and Sagnières keep their respective positions as executive chairman of Luxottica and CEO of Essilor International SAS. Market reaction The market reaction on the day of the announcement (January 16, 2017) was positive, with an 11.9% increase in Essilor’s share price and an 8.2% rise in Luxottica… Charenton-le-Pont, France (March 30, 2020 – 6:00 p.m.) – In view of recent world changes, it has become necessary for Essilor to speed up its integration with Luxottica in order to build a more resilient, flexible and agile combined organization. The pending merger with Luxottica creates a global leader cross the value chain (lens, frame and sunglasses, retail, online) and synergies of €420-600 million. Press Release. Bloomberg the Company & Its Products The Company & its Products Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Customer Support Customer Support The dates below are given for information purposes only and may be modified. essilor-luxottica.com. Essilor International SAS and Luxottica maintain their respective Boards of Directors. Charenton-le-Pont, France (March 30, 2020 – 6:00 p.m.) – In view of recent world changes, it has become necessary for Essilor to speed up its integration with Luxottica in order to build a more resilient, flexible and agile combined organization. Facts and Figures; Luxottica in the world; Unique Approach. English. It should be recalled that Essilor is targeting, in 2018, like-for-like (a) revenue growth of around 4% and a contribution from operations (b) greater than or equal to 18.3% (c) of revenue. Charenton-le-Pont, France (March 30, 2020 – 6:00 p.m.) – In view of recent world changes, it has become necessary for Essilor to speed up its integration with Luxottica in order to build a more resilient, flexible and agile combined organization. Thematic Investment Lists. He joined the group in 2008 as Director of Strategy. For better navigation,we recommend viewing the sitein portrait mode, VISUAL HEALTH, A MAJOR PUBLIC HEALTH CONCERN, Addressing the global need and reaching the 2.7 billion underserved, VISUAL HEALTH, A MAJOR PUBLIC HEALTH CONCERN, #02 Presbyopia: Improving vision for today’s consumers & lifestyles. On worldwide sales of 6.7bn euros in 2015, Essilor made operating profits of 1.2bn euros. Tel: +33 (0)1 49 77 45 02, 147 rue de Paris, 94220 He holds a degree from École Centrale de Paris. EXECUTIVE STATEMENTS “Our project has one simple motivation: to better respond to the needs of an immense global population in vision correction and vision protection by bringing together two great companies, one dedicated to lenses and the other to frames,” said Essilor … Italy's Luxottica and France's Essilor have agreed a 46 billion euro ($49 billion) merger to create a global eyewear powerhouse with annual revenue of more than 15 billion euros. “I’m honored to be asked to lead Essilor in its next development phase. Bloomberg the Company & Its Products The Company & its Products Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Customer Support Customer Support EssilorLuxottica is a global leader in the design, manufacture and distribution of ophthalmic lenses, frames and sunglasses enabling people everywhere to learn, to work and to fulfil their potential. Please attach your CV and letter of motivation which we will review carefully. Together with them and a rejuvenated management team, we can make Essilor even more agile, reactive and resilient. By closing this banner, scrolling this page, clicking on a link or continuing browsing in any other way, you will agree to use of the cookies. They will continue to leverage and expand the power of Essilor’s mission to improve lives by improving sight with the full knowledge that companies with a strong mission better weather market volatility, mobilize talents faster and come out stronger as a result. South America- Luxottica and Essilor Retail Stores: According to Euromonitor: In 2015, the eyewear industry in Latin America, valued at US$12.0 billion, recorded a decline of 16%. EssilorLuxottica shareholders have been informed of the appointment of Laurent Vacherot, CEO of Essilor International, as a Director of EssilorLuxottica, replacing Bernard Hours, who has asked to be relieved of his office. EssilorLuxottica is a global leader in the design, manufacture and distribution of ophthalmic lenses, frames and sunglasses. Beginning of the quiet period ahead of FY20 results — 15 Feb 2021 See all. Stock analysis for EssilorLuxottica SA (EL:EN Paris) including stock price, stock chart, company news, key statistics, fundamentals and company profile. All conditions of the proposed merger, including clearance from antitrust authorities around the globe (including the United States), approval by Essilor … Tell us a little about your Luxottica journey so far. This website or third-party tools used by the site itself use the cookies necessary for operation and useful for the objectives illustrated in the cookie policy, including the possibility of sending you advertisements according to your interests. Luxottica Group is a leader in premium, luxury and sports eyewear with over 7,400 optical and sun retail stores in North America, Asia-Pacific, China, South Africa, Latin … Business Model; Responsible Business Practices. By sending the form above, I acknowledge that I have read the Privacy Notice and that I have been fully informed of the terms and conditions under which Essilor International processes my personal data. In addition, this year, for the first time, Essilor and Luxottica jointly launched customer-facing campaigns. Now I am the Senior Retail Sales Director for all retail brands including LensCrafters, Ray-Ban, Sunglass Hut and Oakley. They will lead Essilor, driven by its historic human values, at the core of which lie diversity, entrepreneurial spirit and employee shareholding. The combination of Essilor and Luxottica X This website or third-party tools used by the site itself use the cookies necessary for operation and useful for the objectives illustrated in the cookie policy, including the possibility of sending you advertisements according to your interests. He leaves it in very good shape financially, with a strong mission and a solid operational foundation on which to build for the future”, commented Hubert Sagnières, Chairman of Essilor. Entusiasmo, dedicação e comprometimento o ajudarão a encontrar a sua posição perfeita e o espaço para expressar o seu talento. Créteil, If you wish to be notified every time we post a new story on our website please click here, People, the real driving force of Luxottica, The responsible management of the supply chain, Procedure for related parties transactions, Procedure for the management of the Inside Information. The finalization of the proposed Essilor and Luxottica combination is planned for the first part of 2018 after obtaining all necessary authorizations. continuing the trend of Luxottica’s failed partnership with Google, or Essilor’s R&D effort in the production and design of connected glasses. The ClickCheck™: bringing vision care to underserved communities. Draft resolutions relating to the proposed combination of Essilor International and Luxottica to be submitted for the approval of the General Shareholders` Meeting of May 11, 2017 and in particular the names of the directors who would, subject to shareholder approval, sit on the Board of Directors of EssilorLuxottica as of the closing date of the Luxottica share contribution, namely: Ginette de Matteis Charenton-le-Pont, France and Milan, Italy (November 28, 2017 – 8:00 a.m.) – Essilor (Euronext Paris: EI) and Luxottica (MTA: LUX) today announced the proposed combination between the two companies has been cleared by the Canadian Competition Bureau. However, please continue to check our website as we regularly publish new job offers. Access to this site is restricted under the securities laws of certain jurisdictions. Maïlis Thiercelin The Nomination and Compensation Committee will be mandated before the end of January 2019 to lead the search process for a CEO. Together, Luxottica and Essilor would have more than 140,000 employees and sales in more than 150 countries. The bid values Milan-based Luxottica at 47.07 euros a share based on Friday’s closing price for Essilor, 5 percent lower than where Luxottica finished the week. İtalyan Luxottica ve Fransız Essilor’un birleşmesi toplam 46 milyar avroluk bir değer ve 15 milyar avro yıllık cirosu olan yeni bir şirket yarattı. Among participating Luxottica brands are some of the most sought-after frames in the world, including Ray-Ban, Oakley, Costa, and many more. Congratulations to everyone and thank you! I would like to warmly thank Laurent for leading our Company in several key roles over the past 28 years. Paul du Saillant has named a single combined management committee in order to optimize the integration process. Paul du Saillant has served as Deputy CEO of Essilor since 2019 and as COO from 2010 to 2019. They therefore approved: The appointment of members of the future EssilorLuxottica Board of Directors*. Please provide us with the following information: City of residence * Postal code * Country of residence USA Portfolio. Stock Screener. Financial Calendar Here you will find the list of the upcoming financial events of the EssilorLuxottica Company. Essilor is a French-based company specializing in the production of lenses – the largest producer of ophthalmic lenses in the world. Formed in 2018, the company brings together the complementary expertise of two industry pioneers, one in advanced lens technology and the other in the craftsmanship of iconic eyewear, to set new industry standards for vision care and the consumer experience around it. The partnership will combine Facebook apps and technologies, Luxottica’s category leadership and iconic brands, and Essilor’s advanced lens technology to help people stay better connected to their friends and family. Our Services. 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