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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.
In this article, I will take a quick look at Luxima SA.’s (WSE:LUX) recent ownership structure – an unconventional investing subject, but an important one. A company’s ownership structure isRead More...
Whatever happened to Luxottica and Essilor? Why did T-Mobile and Sprint’s latest merger attempt fail? We go over these stories, and many more from 2017.
Italy's Luxottica said on Friday that Chief Executive Massimo Vian would leave, as Chairman Leonardo Del Vecchio prepares the eyewear group he founded for a planned merger with France's Essilor. Luxottica, the biggest maker of spectacles, agreed in January to merge with the top lens manufacturer to create a 46 billion euro ($54 billion) group with a global shop network and a portfolio of brands from Ray Ban to Giorgio Armani and Prada.
Italian eyewear group Luxottica (LUX.MI) said on Friday Chief Executive Massimo Vian would leave the group, strengthening the powers of founder and Chairman Leonardo Del Vecchio ahead of a merger with France's Essilor (ESSI.PA). Ray-Ban maker Luxottica said Vian would step down three months before the expiry of his term. Vian's responsibilities will be handed over to both Del Vecchio and Deputy Chairman Francesco Milleri, a close aide of Del Vecchio, who would also take on the position of CEO.
Italian eyewear maker Luxottica (LUX.MI) and French lens manufacturer Essilor (ESSI.PA) are set to win unconditional EU antitrust approval for their 48 billion-euro ($57 billion) merger, two people familiar with the matter said on Thursday. Having had some initial concerns about the deal between Luxottica, the world's biggest eyeglass frame maker and Essilor, the biggest lens maker, the European Commission is scheduled to decide by March 8 on whether to clear it.
Italy's Luxottica and French glasses group Essilor are set to win unconditional EU antitrust approval for their 48-billion-euro ($56.8 billion), two people familiar with the matter said on Thursday. The deal between Luxottica, the world's biggest eyeglass frame maker, and Essilor, the world No. 1 lens maker, would create a company that would make products ranging from Ray-Bans to Giorgio Armani frames and have a major eyeglass retail outlet. The European Commission, which had some initial concerns about the mega deal, declined to comment.
Proposed combination between Essilor and Luxottica approved in Canada PDF Version of the news release Charenton-le-Pont, France and Milan, Italy ( November 28, 2017 - 8:00 a.m. ) - Essilor (Euronext Paris: ...
The world's biggest eyeglass frame maker is planning to merge with the largest lens maker in a tie-up U.S. antitrust experts fear will be bad news for consumers, but could still be approved. France's Essilor, the prescription lens maker, has asked U.S. regulators to bless its merger with Italy's Luxottica , the leading frame maker, to create a company that would produce everything from Ray-Bans to Giorgio Armani frames, and be the top U.S. eyeglass retail outlet as well as a leading provider of vision insurance.
BRUSSELS/MILAN (Reuters) - EU antitrust regulators have suspended an investigation into the $54 billion (41.33 billion pounds) merger between French glasses group Essilor (ESSI.PA) and Italy's Luxottica (LUX.MI) after the companies failed to provide requested data. The deal has sparked regulatory concerns that it may lead to price rises or mean retailers are forced to buy both lens and eyewear from the merged company. The European Commission, which opened a full-scale investigation into the case on Sept. 26, said it stopped the clock on Oct. 25.
EU anti-trust regulators will meet Luxottica (LUX.MI) and Essilor (ESSI.PA) this week to express concerns about their plan to merge into a 46 billion-euro ($55.12 billion) global eyewear powerhouse, a person familiar with the matter said on Monday. The move suggests the European Commission wants concessions to address their concerns and that they could open an in-depth investigation if these are not given or seen as insufficient. Italy's Luxottica is the world's largest maker of spectacles, owning brands such as Ray-Ban and Oakley, and has 9,000 retail stores.
The proposed merger of Italian spectacles maker Luxottica (LUX.MI) with French lens manufacturer Essilor (ESSI.PA) will require thorough vetting by European antitrust authorities, the head of the bloc's competition watchdog said on Saturday. Luxottica, the world's biggest eyewear company whose brands include Ray-Ban and Oakley, agreed in January a merger with Essilor, the biggest lens maker, to create an industry giant with a market value of 47 billion euros ($56 billion), more than 15 billion euros in revenues and 144,000 staff. The EU Commission was officially notified on Aug. 22 .