Essilor and Luxottica Combine to Form EssilorLuxottica
EssilorLuxottica, the new entity resulting from the combination of Essilor and Luxottica, has officially completed its formation, establishing a global leader in the eyecare and eyewear industry.
Luxembourg and Charenton-le-Pont, France – Essilor and Delfin announced on October 1, 2018, the successful completion of their combination. The newly formed EssilorLuxottica is poised to become a dominant force in the global eyecare and eyewear market.
The company unites Essilor's expertise in lens technology with Luxottica's strength in eyewear design, manufacturing, and retail. This strategic integration aims to address growing global vision care needs and evolving consumer preferences.
EssilorLuxottica projects pro forma combined revenues exceeding 16 billion euros and will employ nearly 150,000 people worldwide. The vertically integrated business model encompasses the entire value chain, from lens production to frame design and distribution.
The company's shares will trade on Euronext Paris under the ticker symbol EL. Leonardo Del Vecchio has been appointed Executive Chairman, and Hubert Sagnières as Executive Vice-Chairman.