Later there will be a question and answer session. The two groups share common values: their mission is to improve vision across the world with innovation as a growth driver, operational excellence, an entrepreneurial spirit and an international mindset. Tel. On this occasion, Hubert Sagnières, Chairman and CEO of Essilor stated: “Our project has one simple motivation: to better respond to the needs of an immense global population in vision correction and vision protection by bringing together two great companies, one dedicated to lenses and the other to frames. The EssilorLuxottica Board of Directors would consist of sixteen members: Essilor International, after completing the hive-down noted above, and Luxottica would maintain their respective Board of Directors. Francesco Milleri, originally of Luxottica, will become chief executive with Paul du Saillant, of Essilor, stepping up as deputy CEO, the group said, until its shareholder meeting in 2021. Also Known As Essilor International, Luxottica Group; Company Type For Profit; Contact Email contact@essilorluxottica.com; EssilorLuxottica is an ophthalmic company that specializes in the design, manufacture, and market of eyewear products such as lenses, frames, and sunglasses. Synergies were at the core of the 48 billion euro merger of Essilor, known for its Varilux lenses, and Luxottica - the owner of brands such as Ray-Ban, Oakley or Persol. It declined to comment on Thursday whether that search was still on. Financial Calendar. For latest updates of cases follow this link updates of cases. Essilor Luxottica Merger is COMPLETE. Everything You Need to Know About Luxottica and Essilor's $50 Billion Merger The deal creates a massive enterprise that will boast 140,000 employees, $16 billion of annual revenue, and a … The deal will be a stock-for-stock merger with an exchange of 0.461 Essilor Shares for 1 Luxottica share. The merger between the top players in the 95 billion eyewear market is aimed at helping the businesses to take full advantage of expected strong demand for prescription spectacles and sunglasses due to an aging global population and increasing awareness about eye care. Press releases: Reports: Presentation: Medias: Transcriptions: July 26, 2018 Proposed combination between Essilor and Luxottica approved in China: PDF - 218 KB: June 29, 2018 Essilor and Delfin extend the deadline of the Combination Agreement. An integration committee would be implemented to ensure smooth and successful integration of the two companies. Investor Relations contacts Analyst, investor or individual shareholder? The world's leading ophthalmic optics company, Essilor designs, manufactures and markets a wide range of lenses to improve and protect eyesight. Luxottica said in September 2014 that discussions had taken place in 2013 but were dropped for a number of reasons, including shareholding governance issues. Search. It is also the aim of Investor Relations to stimulate the interest of the financial community through targeted initiatives, including conference calls and webcasts to discuss the EssilorLuxottica’s results, investor and sell side meetings throughout the year at the major financial centers and, periodically to hold an "investor day". Essilor and Luxottica Merger - Official Press Release January 16th 2016. by Matt Geller, OD. 2013 Investor Day - Presentation - Webcast - Transcript - Press release . The combined company possesses strong competitive advantage, participates in good … Essilor succeeded in bringing innovative solutions to ophthalmic lenses and creating internationally-recognized brands (Varilux®, Crizal®, Transitions®) offering tailored correction solutions for all of its consumers’ needs. All files can be downloaded as pdfs. The Group’s global wholesale distribution network covers more than 150 countries and is complemented by an extensive retail network of approximately 7,800 stores, with LensCrafters and Pearle Vision in North America, OPSM and LensCrafters in Asia-Pacific, GMO in Latin America, Salmoiraghi & Viganò in Italy and Sunglass Hut worldwide. Third Point, the US hedge fund that has pushed for changes at companies ranging from Nestle to Campbell Soup, has amassed a stake in Ray-Ban … “The strategic rationale is strong,” JPMorgan Cazenove analysts said in a note, adding that the deal defuses the risk of growing competition between two groups that had been encroaching on each other’s areas of expertise in recent years, with Essilor buying online retailers and Luxottica investing in lens manufacturing. For more information, please visit www.essilor.com. Press releases: Reports: Presentation: Medias: Transcriptions: July 26, 2018 Proposed combination between Essilor and Luxottica approved in China: PDF - 218 KB: June 29, 2018 Essilor and Delfin extend the deadline of the Combination Agreement. However, as the deal is still pending conditions may vary. The presentation should be read together with the press release dated July 31, 2019 available at www.essilorluxottica.com under the Investors tab. All quotes delayed a minimum of 15 minutes. “Investors shouldn’t expect a smooth post-merger integration path.” Del Vecchio returned to the helm of Luxottica in 2014, taking on executive powers as chairman. Though advisers on the deal have presented it as a merger of equals, Del Vecchio will be the biggest shareholder of the combined group with a stake of between 31 percent and 38 percent through his family holding company Delfin. This post is sponsored by Luxottica Jan 16, 2017. and Johnson & Johnson Vision. Founded in 1849, Essilor’s long history is bound to its mission of improving lives by improving sight. Del Vecchio, who grew up as an orphan but is now Italy’s second-richest person, said he had long dreamed of such a merger. If we really want to provide consumers with the best product, Leonardo and I will have to co-manage,” Sagnieres said. had revenue of 3.2 billion euros and 1.3 billion euros respectively in 2015. “Finally ... two products which are naturally complementary -- namely frames and lenses -- will be designed, manufactured and distributed under the same roof,” Luxottica’s 81-year-old founder Leonardo Del Vecchio said in a statement on Monday. January 16, 2017 – 6.45 a.m CET – Essilor and Delfin today announce the signing of an agreement designed to create an integrated player dedicated to visual health and superior consumer experience through a combination of Essilor [Euronext Paris: EI] and Luxottica Group [MTA: LUX; NYSE: LUX]. Announcement of Periodic Review... 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