Connect with us


Is Luxottica Eyeing a Major Merger or Acquisition?





Return of founder may signal a big move is in the making.

After three CEO departures in the last 18 months, Luxottica is once again being captained by founder Leonardo Del Vecchio, whose unexpected return has company insiders speculating that he’s back to make deals, the Financial Times writes. “I am not back to solve critical issues, but to fully seize new opportunities in retail, emerging markets, e-commerce and in our key brands such as Oakley and Ray-Ban,” Del Vecchio said in a recorded speech to analysts cited in the article.

The deep-dive piece touches on a “potential megadeal hanging over the industry,” which analysts contacted by the Financial Times say might be some kind of merger between Luxottica and Essilor that “would create a company able to seize opportunities in both vision correction and sunglasses.” Such a deal, however, was first discussed by the company three years ago, and talks broke down after a few months. Another potential blockbuster analysts say to watch out for – should nothing happen between Luxottica and Essilor – is the acquisition of Safilo by Essilor. One industry insider quoted in the article says that pairing would “be a game-changer for the industry” because it would put Luxottica and Essilor in direct competition with each other.

Read more at The Financial Times



Meet the Next Generation of Smart Glasses

Ray-Ban Meta is now available with a full range of lenses, as a complete pair or edged lens. Prescription orders eligible through select insurance providers, including Eyemed and private pay. The Ray-Ban Meta collection combines iconic design with cutting-edge technology. Capture life’s best moments and livestream to Facebook and Instagram with an upgraded 12 MP camera and five-mic system. Stay connected with hands-free calls and messages. Listen to your favorite tracks through built-in speakers. Spark your creativity, get information and control your glasses with your voice – powered by Meta AI. All while keeping your phone in your pocket. For more information, visit here.

Promoted Headlines





Get the most important news and business ideas for eyecare professionals every weekday from INVISION.



Most Popular