EssilorLuxottica
 | |
| Type | Société Anonyme |
|---|---|
| Euronext: EL CAC 40 component Euro Stoxx 50 component | |
| ISIN | FR0000121667 |
| Industry | Eyewear, Eye care |
| Predecessor | Essilor Luxottica |
| Founded | October 1, 2018 |
| Headquarters | , France |
Key people | Leonardo Del Vecchio (Chairman) Francesco Milleri (Chief Executive Officer) (Deputy Chief Executive Officer) |
| Products | Ophthalmic lenses, optical equipment, prescription glasses and sunglasses |
| Brands | Ray-Ban Oakley Michael Kors Varilux Crizal Transitions Optical LensCrafters |
| Revenue |  €14.429 billion (2020)[1] |
| €452 million (2020) | |
| €149 million (2020) | |
| Total assets | €52.318 billion (2020) |
| Total equity | €32.798 billion (2020) |
| Subsidiaries | Essilor Luxottica |
| Website | www |
EssilorLuxottica SA is an Italian-French vertically integrated multinational corporation based in Paris and founded on 1 October 2018 from the merger of the Italian Luxottica with the French Essilor. The group designs, produces and markets ophthalmic lenses, optical equipment and prescription glasses and sunglasses. The company has a portfolio of proprietary and licensed brands including Ray-Ban, Oakley, Michael Kors, Varilux, Crizal,Transitions, LensCrafters.
The company has €14.4 billion in revenues and €38.2 billion capitalization.
The company is listed on the Euronext Paris stock exchange under the trading symbol EL and is part of the CAC 40 share index which includes the 40 largest capitalized companies traded on the Paris Stock Exchange and the Euro Stoxx 50 which includes the 50 largest companies in the Eurozone.
Market dominance[]
The company dominates the global eyewear market as the largest single player in that market.[2][3]
They own the following companies: Clearly (Clearly.ca/Coastal.com), EyeBuyDirect, FramesDirect.com, LensCrafters, OPSM, Pearle Vision, Sears Optical, Sunglass Hut, Target Optical, Vision Direct, Vision Source, and more. The company has been accused of being a borderline monopoly by using their market dominance to unfairly increase the cost of their products.[4] This predatory behavior was a subject in the episode "Adam Ruins Malls," from the series Adam Ruins Everything. [5]
Brands[]
According to its website,[6] it owns the following lens technologies:
And the following eyewear brands:
- Alain Mikli
- Armani Exchange
- Arnette
- Barberini
- Bolon
- Brooks Brothers
- burberry
- Bvlgari
- Chanel
- Coach
- Costa
- Dolce&Gabbana
- Emporio Armani
- Ferrari
- Foster Grant
- Giorgio Armani
- Luxottica
- Michael Kors
- Miu Miu
- Molsion
- Oakley
- Oliver Peoples
- Persol
- Polo Ralph Lauren
- Prada
- Ralph Lauren
- Ray-Ban
- Tiffany & Co.
- Tory Burch
- Valentino
- Versace
References[]
- ^ EssilorLuxottica (12 March 2021). "Full year 2020 results" (PDF). EssilorLuxottica. Retrieved 23 March 2021.
- ^ Knight, Sam (2018-05-10). "The spectacular power of Big Lens | The long read". the Guardian. Retrieved 2021-05-13.
- ^ Parisi, Danny (2019-05-16). "How independent eyewear brands compete with EssilorLuxottica". Glossy. Retrieved 2021-05-13.
- ^ Lazarus, David (2019-03-05). "Column: How badly are we being ripped off on eyewear? Former industry execs tell all". Los Angeles Times. Retrieved 2021-05-13.
- ^ "The Conspiracy Behind Your Glasses - Adam Ruins Everything". YouTube. 2016-09-14. Retrieved 2021-11-20.
- ^ https://www.essilorluxottica.com/brands
External links[]
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- EssilorLuxottica
- Medical technology companies of France
- Companies listed on Euronext Paris
- Companies in the Euro Stoxx 50
- CAC 40
- Multinational companies headquartered in France
- Manufacturing companies established in 2018
- Eyewear companies of France
- Eyewear retailers of France
- French brands
- Lens manufacturers
- Optics manufacturing companies
- French companies established in 2018
- Manufacturing companies based in Paris
- French company stubs