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Luxottica Group, S.p.A. (LUX)

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  • Reuters27 days ago

    Luxottica on track with targets and Essilor deal after steady H1

    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.

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