Tune in as the team covers the many ways in which these two European industry leaders complement each other, from their product lines to their balance sheets. 10 stocks we like better than Luxottica Group When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen.
Category: Luxottica Group
The Luxottica Essilor Mega-Merger: Company Overviews
In this segment of Industry Focus: Consumer Goods , Motley Fool analyst Vincent Shen provides some key background onfashion frames retailer Luxottica Group as the two companies seek to combine their businesses in a $50 billion deal. Learn more about their respective revenues, market share, product offerings, and positions within the industry.
Everything You Need to Know About Luxottica and Essilor’s $50 Billion Merger
Take two leading companies in the eyewear industry, combine them, and what do you get? In this case, say hello to EssilorLuxottica. In this episode of Industry Focus: Consumer Goods , Vincent Shen and Asit Sharma dig into the details behind this mega-deal.
Everything You Need to Know About Luxottica and Essilor’s $50 Billion Merger
Take two leading companies in the eyewear industry, combine them, and what do you get? In this case, say hello to EssilorLuxottica. In this episode of Industry Focus: Consumer Goods , Vincent Shen and Asit Sharma dig into the details behind this mega-deal.
Luxottica to join with Essilor in $70B merger of two eyewear giants
A global eyewear colossus worth almost $70 billion Canadian is set to be created as Italy’s Luxottica – owner of Ray-Ban and Oakley glasses – merges with France’s Essilor, owner of Crizal, Transitions, Clearly Contacts and other brands. Essilor said it had reached an agreement with Luxottica’s owners for an all-share deal to combine the two lens companies.
Luxottica and Essilor Create Eyewear Giant in $49B Deal
Italy’s Luxottica and France’s Essilor have agreed a 46 billion euro merger to create a global powerhouse in the eyewear industry with annual revenue of more than 15 billion euros, they said in a statement on Monday. The deal, one of Europe’s largest cross-border tie-ups, brings together Luxottica, the world’s top spectacles maker with brands such as Oakley and Ray-Ban, with Essilor, the world’s leading manufacturer of ophthalmic lenses.
Luxottica and Essilor to Merger in Near $50 billion Blockbuster Eyewear Deal
Luxottica Group and Essilor International said Monday that they would merge, creating an eyewear giant with combined revenues of nearly $16 billion. Luxottica Group SpA and Essilor International SA said Monday that they would merge, creating an eyewear giant with combined revenues of over a 15 billion .
Tiffany Gains as Wells Fargo Sees Improved Luxury Good Demand
Tiffany stock rose 1.70% to $81.92 in Friday’s trading session after Wells Fargo upgraded shares to “market perform” from “underperform” on signs of improving demand for luxury goods. The firm pointed to Richemont’s better-than-expected third-quarter sales , noting that the global luxury retail market appears to have bottomed in the first half of 2016.
Tiffany Shares Surged Alongside Luxury Retailers on Richemont’s 3Q Sales
Earlier today, the Swiss jeweler and watchmaker said revenue rose 5% in constant currency to 3.09 billion euros for the three months ended December 31. Jewelry revenue was up 8% to 1.75 billion euros for the period, topping estimates for a 1.2% gain. “The cross-read of these results will probably benefit the other luxury names, in particular Swatch,” Bernstein analysts wrote today, according to the Wall Street Journal .