News & Reviews

Exclusive: EU regulators have concerns over Luxottica-Essilor merger - source

BRUSSELS (Reuters) - EU anti-trust regulators will meet Luxottica (LUX.MI) and Essilor (ESSI.PA) this week to express concerns about their plan to merge into a 46 billion-euro ($55.12 billion) global eyewear powerhouse, a person familiar with the matter said on Monday. The move suggests the European Commission wants concessions to address their concerns and that they could open an in-depth investigation if these are not given or seen as insufficient. Italy’s Luxottica is the world’s largest...

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...