|Day's Range||60.42 - 60.98|
|52 Week Range||0.05 - 62.57|
|PE Ratio (TTM)||30.73|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Italian eyewear group Luxottica is on track to meet full-year targets and win regulatory approval for its planned merger with France's Essilor, it said on Monday, after its first-half underlying operating profit came in just ahead of forecasts. The maker of Ray-Ban sunglasses agreed in January to merge with Essilor, the world's biggest lens manufacturer, to create an industry leader with annual sales of more than 15 billion euros ($18 billion). Luxottica CEO Massimo Vian told Reuters on Monday the merger, which needs to clear antitrust hurdles in several countries, was progressing well.
The sunglasses industry is large and growing, giving the 7 best sunglasses stocks to invest in 2017 a lot of growth potential. According to an estimate, eyewear industry, which includes contact lenses, prescription glasses and sunglasses, has a total worth of about $90 billion and is estimated to reach $140 billion by 2020. Sunglasses represent a […]
This product and retail chain won't be broken up anytime soon. Look at Luxottica to understand why.