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Luxottica
Luxottica Group S.p.A. is an Italian eyewear conglomerate and the world's largest company in the eyewear industry. It is based in Milan, Italy. Luxottica is a vertically integrated company, which has been described as a monopoly—it designs, manufactures, distributes, and retails its eyewear brands through companies such as LensCrafters, Sunglass Hut, Apex by Sunglass Hut, Pearle Vision, Target Optical, and Glasses.com. It also owns EyeMed, one of the largest vision health insurance providers. Its best known brands are Costa, Ray-Ban, Persol, Oliver Peoples and Oakley. Luxottica's market power has allowed it to charge price markups of 1000%. Luxottica also makes sunglasses and prescription frames for designer brands such as Chanel, Prada, Giorgio Armani, Burberry, Versace, Dolce and Gabbana, Michael Kors, Coach, Miu Miu and Tory Burch. In January 2017, Luxottica announced a merger with Essilor. The combined entity would command more than one quarter of global value sales of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
EssilorLuxottica
EssilorLuxottica SA is a French vertically integrated multinational corporation based in Paris and founded on 1 October 2018 from the merger of the Italian Luxottica with the French Essilor. The group designs, produces and markets ophthalmic lenses, optical equipment, prescription glasses and sunglasses. The company has a portfolio of proprietary and licensed brands including Ray-Ban, Oakley, Michael Kors, Varilux, Crizal, Transitions and LensCrafters. EssilorLuxottica is currently a global leader in the design, production and sale of ophthalmic lenses and frames The company has €14.4 billion in revenues and €38.2 billion capitalization. The company is listed on the Euronext Paris stock exchange under the trading symboELand is part of the CAC 40 share index which includes the 40 largest capitalized companies traded on the Paris Stock Exchange and the Euro Stoxx 50 which includes the 50 largest companies in the Eurozone. Market dominance The company dominates the glob ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Essilor
Essilor International is a French-based international ophthalmic optics company that designs, manufactures and markets lenses to correct or protect eyesight. Its headquarters is in Charenton-le-Pont (near Paris), France. It is the world's largest manufacturer of ophthalmic lenses. The firm is responsible for creating Varilux, the world's first progressive lens, which corrects presbyopia and allows clear vision in the wearer's near, intermediate and far vision. The company formed from the merger of ophthalmic firms ''Essel'' and ''Silor'' in 1972. In January 2017 Essilor announced a merger with Italian eyewear giant Luxottica. On 1 October 2018, the new holding company EssilorLuxottica was born, resulting in combined market capitalization of approximately €57 billion. History 1849–1972: Essel and Silor ''Essel'' (Société des Lunetteries) was founded in 1849 (then-called ''L'Association Fraternelle des Ouvriers Lunetteries'') as a small network of eyeglass assembly ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Francesco Milleri
Francesco Milleri (born in 1959) is an Italian businessman. He is the chairman of EssilorLuxottica since June 2022. Early life Francesco Milleri was born in 1959. He graduated from the University of Florence with a bachelor of laws, and earned a master in business administration from Bocconi University. He was also awarded a two-year Donato Menichella scholarship from the Bank of Italy at the New York University Stern School of Business. Career Milleri worked as a business consultant A business consultant (from Latin ''consultare'', "to discuss") is a professional who provides professional or expert advice or service in a particular area such as security (electronic or physical), management, accountancy, law, human resources, ma .... In 1996 he founded Abstract, a strategic digital consultancy company. Following the 2006 acquisition of iDoq, a company specializing in document flow automation and owner of the Lucy Star digitization platform, Abstract began collaborating with Campa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Leonardo Del Vecchio
Leonardo Del Vecchio (22 May 1935 – 27 June 2022) was an Italian billionaire businessman, the founder and chairman of Luxottica, the world's largest producer and retailer of glasses and frames, with 77,734 employees and over 8,000 stores. At the time of his death, his net worth was estimated at US$24.1 billion, the second richest person in Italy, and 54th in the world. Life and career Leonardo Del Vecchio was born on 22 May 1935 in Milan, Italy to an impoverished family from Barletta, Southern Italy. His father was a street vendor of vegetables who died before his birth and his mother already had four other children; he grew up in an orphanage. He began his career as an apprentice to a tool and die maker in Milan, but decided to turn his metalworking skills to make spectacle parts. In 1961, he moved to Agordo in the province of Belluno, which is home to most of the Italian eyewear industry. The new company was Luxottica s.a.s., a limited partnership. In 1967, he started sell ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
LensCrafters
LensCrafters is an international retailer of prescription eyewear and prescription sunglasses. Its stores usually host independent optometrists on-site or in an adjacent store. The company has its corporate headquarters in Mason, Ohio, a suburb of Cincinnati in the US. LensCrafters has been a wholly owned subsidiary of Luxottica, the largest eyewear company in the world, since 1995. At the end of 2018, Luxottica operated 1,158 LensCrafters stores, of which 1,050 are located in North America and 108 are located in China, Hong Kong and India. History LensCrafters was founded in March 1983 by E. Dean Butler, who had been a manager with Procter & Gamble. Butler first developed the idea for a "while you wait" eyeglass retailer after helping a Procter & Gamble colleague produce television commercials for a family optical business in the late 1970s. LensCrafters achieved sales of $2 million in its first year of operation before Butler sold the company to the United States Shoe Corp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
OPSM
OPSM (Optical Prescription Spectacle Makers) is a retailer of eye glasses in Australia and New Zealand, with locations in Hong Kong, Singapore, and Malaysia. It is owned by Luxottica, an Italian eyewear conglomerate. History OPSM was founded in Sydney in 1932, and was floated on the Australian Securities Exchange in 1962. In May 2001, OPSM sold its Protector Safety Supply Group to Howard Smith. Luxottica acquired a controlling interest in 2003 and in February 2005, OPSM was delisted from the Australian Securities Exchange. In 2010, OPSM opened the Eye Hub concept store in the Melbourne suburb of Hawthorn, blending optometry and ophthalmology into one practice. As to 2018, it operated 330 stores and 41 franchises. Laubman & Pank Laubman & Pank became at one stage the largest eye care business in Australia. It began operations in 1908 with two optometrists deciding to set up their own business. The group was acquired by OPSM in 2001 and is now run by Luxottica, the world's bigge ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sunglass Hut
Sunglass Hut is an international retailer of sunglasses and sunglass accessories founded in Miami, Florida, United States, in 1971. Sunglass Hut is part of the Italian-based Luxottica Group, the world’s largest eyewear company. As of December 31, 2008, the Luxottica Group operated 2,286 stores around the world, most of those as part of the Sunglass Hut brand. Sunglass Hut stores are located in India, the United States, Mexico, Canada, the Caribbean, Brazil, continental Europe, the United Kingdom, Australia, New Zealand, Hong Kong, Singapore, South Africa and the Middle East including Israel. History The first Sunglass Hut store opened in 1971 when optometrist Sanford L. Ziff set up in a freestanding kiosk in Miami's Dadeland Mall. The success of this kiosk prompted Ziff to open other Sunglass Hut locations in Miami, and by 1986, Ziff had opened approximately 100 Sunglass Hut outlets, achieving sales of $24 million a year. In 1986 Ziff sold a 75% stake in Sunglass Hut to Conne ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ray-Ban
Ray-Ban is an American-Italian brand of luxury sunglasses and eyeglasses created in 1936 by Bausch & Lomb. The brand is known for its Wayfarer and Aviator lines of sunglasses. In 1999, Bausch & Lomb sold the brand to Italian eyewear conglomerate Luxottica Group for a reported $640 million. History In 1929, US Army Air Corps Colonel John A. Macready worked with Bausch & Lomb, a Rochester, New York-based medical equipment manufacturer, to create aviation sunglasses that would reduce the distraction for pilots caused by the intense blue and white hues of the sky. Specifically, MacCready was concerned that pilots' goggles would fog up, greatly reducing visibility at high altitude. The prototype, created in 1936 and known as "Anti-Glare", had plastic frames and green lenses that could cut out the glare without obscuring vision. The name "Ray-Ban" was hence derived from the ability of these glasses to limit the ingress of either ultra-violet or infra-red rays of light. Impact-resist ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Target Optical
Target Optical is an optical company located inside Target stores across the United States. Target Optical was founded by the Cole National Corp in 1995 in Cleveland, Ohio. In 2004, the Cole National corporation was acquired by the Italian Luxottica S.p.A., this included other Cole National holdings like Pearle Vision. Luxottica folded Cole's operations into its North American Retail Group and the Cole structure was dissolved. Target Optical headquarters is located in the North American Retail Groups headquarters in Mason, Ohio. References External linksOfficial website Luxottica Optical Optics is the branch of physics that studies the behaviour and properties of light, including its interactions with matter and the construction of instruments that use or detect it. Optics usually describes the behaviour of visible, ultraviole ... Eyewear retailers of the United States American companies established in 1995 Retail companies established in 1995 Eyewear companies of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pearle Vision
Pearle Vision is an American chain of eye care stores. It is one of the largest franchised optical retailers in North America. The company was acquired by Luxottica, an Italian eyewear company, in 2004. As of December 31, 2018, Pearle Vision operated 110 corporate stores and had 419 franchises throughout North America. History It was founded in 1961 by Stanley Pearle, an optometrist in Savannah, Georgia, United States. In 1971, Pearle purchased a 17-store optical chain owned by Robert Hillman and Larry Kohan; together, Hillman and Kohan stayed on and helped to expand Pearle Vision nationwide. By the 1970s the chain was owned by G. D. Searle Pharmaceutical, with founder Stanley Pearle serving as a board member. Stanley Pearle sold his stores to British conglomerate Grand Metropolitan in 1985. Grand Met expanded Pearle Vision to more than 1,000 locations worldwide by 1990, but profits became elusive. In 1996, Grand Met sold the Pearle stores in the United States, Canada and P ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Persol
Persol is an Italian eyewear brand specializing in the manufacturing of sunglasses and optical frames. It is one of the oldest eyewear companies in the world and is owned by the Luxottica group. The name is derived from the Italian ''per il sole'', meaning "for the sun". Formed in 1917 by Giuseppe Ratti, Persol originally catered to pilots and sports drivers. Presently, the company markets durable sports sunglasses. The company trademark is a silver arrow. History In 1917 Giuseppe Ratti, owner of Berry optical, started producing his first glasses and lenses for athletes and aviators. The company developed a flexible stem, known as the patented Meflecto system, which was one of the first spring hinges for eyewear. Persol was introduced to the United States in 1962 and opened its first boutique on Rodeo Drive in Beverly Hills in 1991. Technology Currently all plastic Persol spectacles are made in Italy using cellulose acetate In biochemistry, cellulose acetate refers to an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Glasses
Glasses, also known as eyeglasses or spectacles, are vision eyewear, with lenses (clear or tinted) mounted in a frame that holds them in front of a person's eyes, typically utilizing a bridge over the nose and hinged arms (known as temples or temple pieces) that rest over the ears. Glasses are typically used for vision correction, such as with reading glasses and glasses used for nearsightedness; however, without the specialized lenses, they are sometimes used for cosmetic purposes. Safety glasses provide eye protection against flying debris for construction workers or lab technicians; these glasses may have protection for the sides of the eyes as well as in the lenses. Some types of safety glasses are used to protect against visible and near-visible light or radiation. Glasses are worn for eye protection in some sports, such as squash. Glasses wearers may use a strap to prevent the glasses from falling off. Wearers of glasses that are used only part of the time may have the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
