News & Reviews

New study: Eyewear market report for 2018

Consumers keep favouring convenient and comfortable solutions within the eyewear space.- Advertising -Eyewear sales are set to increase by 4% in 2017, posting global value sales of USD127 billion. Thus, DD (daily disposable) lenses is outgrowing FRP (frequent replacement) and conventional lenses, posting the best performance among all eyewear categories. The competitive landscape is about to witness a major revamp with the upcoming merger of French giant Essilor and Italian...

EU to investigate $54 billion Luxottica, Essilor deal

BRUSSELS/MILAN (Reuters) - EU antitrust regulators will investigate whether the planned 46-billion-euro ($54 billion) merger of Italian eyewear maker Luxottica and French lens manufacturer Essilor could drive out rivals from the market or push up prices. The European Commission opened a full-scale investigation on Tuesday, saying the deal involving the two companies, both top-ranked in their sectors, may reduce competition in ophthalmic lenses and eyewear. The move came after Luxottica and...

Essilor expects further progress on Luxottica deal by year-end

PARIS (Reuters) - French eyewear group Essilor (ESSI.PA) said on Tuesday it was confident of securing European Union approval for its $54 billion merger with Italian peer Luxottica (LUX.MI) after the EU launched a full-scale probe into its impact on competition. Lens producers Essilor' s logo is seen in an optician shop in Paris, France, March 15, 2016. REUTERS/Philippe Wojazer The world’s biggest optical lenses manufacturer, also confirmed its 2017 outlook after posting stronger third...