|Bid||51.50 x 0|
|Ask||52.00 x 0|
|Day's Range||51.50 - 51.70|
|52 Week Range||48.62 - 59.54|
|Beta (3Y Monthly)||0.31|
|PE Ratio (TTM)||24.57|
|Earnings Date||Mar 6, 2019|
|Forward Dividend & Yield||1.01 (1.96%)|
|1y Target Est||58.80|
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it Read More...
EssilorLuxottica, the spectacles company formed by the merger of sector leaders Essilor and Italy's Luxottica, said its search for a new chief executive would start next year as planned, dismissing speculations about a power struggle. The appointment of Luxottica CEO Francesco Milleri is not on the agenda," Olivier Pecoux, an independent board member, said in a statement made on behalf of the board. Pecoux read out the statement as EssilorLuxottica held its first shareholders meeting on Thursday as a newly combined company, after Essilor completed a merger with Luxottica on October 1 to create a world leader in lenses and eyewear.
The following factors could affect Italian markets on Wednesday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list ...
Leonardo Del Vecchio plans to propose Luxottica (LUX.MI) Chief Executive Francesco Milleri as CEO of the new merged group EssilorLuxottica (ESLX.PA), a spokesman for the Luxottica founder said on Monday. "Del Vecchio, who has great confidence in Milleri, wants him to take over as CEO immediately so that he can focus on more strategic issues," the spokesman said. The spokesman was confirming comments made earlier by Del Vecchio, EssilorLuxottica's executive chairman, to Italy's Ansa news agency.
EssilorLuxottica (ESLX.MI), the Franco-Italian world leader in lenses and eyewear, will start its search for a new CEO in January, co-CFO Stefano Grassi said on Monday. Luxottica (LUX.MI) founder Leonardo Del Vecchio and Essilor CEO Hubert Sagnières are sharing power at EssilorLuxottica for the first three years after the two companies completed a merger on Oct. 1. The new group, listed in Paris, is looking to buy out all remaining Luxottica shares through an exchange offer ending on Nov. 28, leading to a planned delisting of Luxottica from the Milan stock exchange.
(Refinitiv corrects analysts' average revenue estimate in third paragraph in this Oct 22 story. PARIS (Reuters) - Essilor (ESLX.PA), the world's largest maker of ophthalmic lenses, reported in-line revenue on Monday and kept its guidance unchanged for the year. The French company, which merged earlier this month with Italian group Luxottica (LUX.MI) in a 48 billion euro (£42.7 billion) deal - said sales in the third quarter rose 4.4 percent to 1.81 billion euros.
Essilor (ESLX.PA), the world's largest maker of ophthalmic lenses, reported lower-than-expected revenue on Monday but kept its guidance unchanged for the year. The French company, which merged earlier this month with Italian group Luxottica (LUX.MI) in a 48 billion euro ($55 billion) deal - said sales in the third quarter rose 4.4 percent to 1.81 billion euros. The company, renamed EssilorLuxottica, said it was keeping its 2018 targets for Essilor, namely like-for-like revenue growth of around 4 percent.
The Italian antitrust authority said on Friday it had opened a probe into Luxottica's (LUX.MI) acquisition of top sun lens maker Barberini. Luxottica, the world's largest spectacles manufacturer, completed this week its merger with France's Essilor (ESSI.PA), the biggest lens maker globally. The Italian group in June announced it had bought Barberini, the world's top manufacturer of optical glass sun lenses, in a 140 million euro ($161 million) deal.
On 1 October 2018, Delfin (unrated) contributed its 62% stake in Luxottica to Essilor. The combined entity has been renamed EssilorLuxottica, and is a holding company for Essilor's (100% owned) and Luxottica's (62% owned) respective operational activities. In addition, EssilorLuxottica has initiated a mandatory tender offer -- to be funded with issuance of new shares -- with the view of acquiring outstanding minority shares at Luxottica.
LONDON/PARIS (Reuters) - An escalating trade war between the United States and China could abruptly end a glittering stock market run for luxury goods firms, with some investors already put off by lofty valuations in a sector powered by shoppers in the two countries. From pricey handbags to designer shoes, booming sales at the European companies that dominate the industry like Louis Vuitton owner LVMH (LVMH.PA) and Gucci parent Kering (PRTP.PA) have made them investor favourites, with shares still near record highs.
Charenton-le-Pont, France and Milan, Italy (July 26, 2018) - Essilor (Euronext Paris: EI) and Luxottica (LUX) announce that the antitrust regulator of the People`s Republic of China, SAMR, has approved the proposed combination between the two companies after they made certain commitments with regard to the conduct of their business in China.
Ray-Ban owner Luxottica (LUX.MI) posted broadly flat first-half sales and adjusted operating income as it awaits a Chinese go-ahead this month for its merger with France's Essilor (ESSI.PA). Milan-based Luxottica, the world's biggest eyewear manufacturer, is merging with the top lens producer to create a 54 billion euro (48.06 billion pounds) industry leader. Luxottica said it was evaluating with Essilor the timing for the closing of the merger as it finalised discussions with Chinese and Turkish antitrust authorities.
Stocks slipped on Monday as investors awaited the release of quarterly results from some of the largest technology companies as well as key economic data. The S&P 500 traded just 0.1 percent lower as utilities and industrials declined. Google-parent Alphabet is set to report earnings after the bell on Monday, while Facebook and Amazon are scheduled to release their results later this week.
MILAN (Reuters) - French lens manufacturer Essilor (ESSI.PA) and Italian eyewear Luxottica (LUX.MI) have extended a deadline for their planned merger to July 31 as the Chinese competition authority has ...
MILAN (Reuters) - Ray-Ban owner Luxottica (LUX.MI) said on Friday it had bought the world's top manufacturer of optical glass sun lenses Barberini in a 140 million euro (£123 million) deal. "The transaction ...
Luxottica Group SpA’s (BIT:LUX) released its most recent earnings update in December 2017, which showed that the business benefited from a robust tailwind, eventuating to a double-digit earnings growth ofRead More...
Italy's luxury carmaker Ferrari and Exor, the owners of Juventus football club, are among a host of companies that can now borrow money more cheaply than the country's crisis-hit government. Italian sovereign bond yields rose this week to some of their highest levels in years on fears that the country's eurosceptic politicians could win a stronger hand in potential elections, reviving the possibility of a eurozone break-up - or at least a repeat of the European Union's 2011-2012 crisis.
A U.K.-based startup has come up with a new design for high-end, direct-to-