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Business and economy
Luxottica names ex-P&G executive Mehboob-Khan as new co-CEO
by Marigia Mangano
Former Procter & Gamble executive Adil Mehboob-Khan will be the new co-chief executive of Luxottica, responsible for markets and finance, as the world’s largest eyewear maker moves to end a ...
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Markets
Luxottica chairman buys €30 mn in company shares
Leonardo Del Vecchio, the chairman and founder of Italian eyewear giant Luxottica, has purchased 500,000 company shares, or about a 0.1% stake, for a total investment of €29.96 ...
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Business and economy
Luxottica aims to double its revenues within 10 years
The manegement of the Italian eyewear group Luxottica is focused on a new strategic plan that will be presented next March 2016, and its main target is “to double the Luxottica’s ...
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Outside view
Barclays: Luxottica is a Top Pick, overweight rating affirmed with a €67 price target
Barclays said it retained its overweight rating on Luxottica with a €67 Price Target and moved it to Top Pick in the sector. According to Barclays, the eyewear maker's ...
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Outside view
Goldman Sachs, merger between Luxottica and Essilor will boost profits
The merger between Luxottica and Essilor is “a strategically sensible move from both Essilor’s and Luxottica’s perspective” and can be considered as a” full vertical ...
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Outside view
Goldman Sachs: Luxottica, elevated multiple despite risks of disruption
Goldman Sachs downgraded Luxottica to “Sell” from “Neutral”. The stock has outperformed our European Retail coverage by 20% this year to date; for a low CROCI ...
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Business and economy
Eyewear leader Luxottica and Valentino fashion brand announce a ten year license agreement
Luxottica Group, leader in the manufacture and design of eyewear, and Valentino fashion house, one of the most famous Italian luxury brands, announced yesterday they have signed a ...
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Markets
Luxottica calls time out to seek new management; Autogrill CEO's name resurfaces
by Marigia Mangano
Luxottica Group has until an Oct. 29 board meeting to pick its new leadership. That's an extremely simplified version of a compromise reached by independent directors with the company's founder ...
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Markets
Equal governance between Luxottica and Essilor to only last three years
by Marigia Mangano
Agreements for the integration of Italian eyewear company Luxottica and French lens manufacturer Essilor foresee “joint governance” between the two companies. But the balance between ...
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Markets
With Luxottica's marriage with Essilor, Leonardo Del Vecchio has dealt with the issue of his succession
by Marigia Mangano
IT
24 Exclusive content for IT24The marriage of Italian eyewear company Luxottica and French lens manufacturer Essilor is a big industrial bet. With almost €50 billion of combined capitalization and total revenues of more than €15 billion, the numbers involved are impressive. But beyond the future value creation that will come from the merger of the two groups, according to the most attentive observers the deal seems to meet Luxottica founder Leonardo Del Vecchio’s needs ...
