News & Reviews

A planned $80 billion merger of two eyewear giants under investigation in NZ

Luxottica owns Ray-Ban and Oakley, and makes frames for almost every luxury brand, including Ralph Lauren, Prada, Chanel, and Dolce and GabbanaA proposed global merger between two eyewear giants is being investigated by the Commerce Commission.The merger would bring together lenses manufacturer Essilor, with frames and sunglasses maker Luxottica.If you wear glasses, sunglasses or contact lenses, chances are they came from Essilor or Luxottica.If mergered the eyewear companies would be called...

Commission approves eyewear giants' billion merger

More than half of New Zealanders over 15 years old use glasses or contact lenses, according to Statistics New Zealand.The Commerce Commission has given clearance to a merger between two global eyewear giants.Lenses manufacturer Essilor and sunglasses maker Luxottica already have a commercial relationship. The parties have sought clearance from regulators in different countries, including New Zealand. Commerce Commission chairman Mark Berry said the merger was unlikely to lessen competition in...

Ralph Lauren (NYSE:RL) has been upgraded from Neutral to Outperform in a report by Credit Suisse today.

Yesterday Ralph Lauren (NYSE:RL) traded 1.79% higher at $88.74. The company’s 50-day moving average is $82.41 and its 200-day moving average is $77.68. The last closing price is up 16.29% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time period. 337,368 shares of the stock traded hands, down from an average trading volume of 1,375,270 Credit Suisse has upgraded Ralph Lauren (NYSE:RL) from Neutral to Outperform in a report released on...