EssilorLuxottica news and archive

Luxottica acquires Óticas Carol in Brazil

Italian eyewear group Luxottica is expanding its presence in the optical franchise business with around 950 stores after agreeing to buy Brazilian optical chain Oticas Carol in an 110 million euro deal. The acquisition will expand the eyewear group’s retail footprint in the South American country, marking Luxottica’s entry into the optical...

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Luxottica agrees 46 billion euro merger with Essilor

Luxottica, the world’s biggest glasses maker, which owns Ray-Ban and Oakley, has agreed to a 46 billion euro merger with French lens maker Essilor. “Finally, after fifty years, two products which are naturally complementary, namely frames and lenses, will be designed, manufactured and distributed under the same roof,” said Luxottica's...