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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] |
EssilorLuxottica Logo
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] |
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] |
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] |
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] |
Crizal
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 wo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Clearly
Clearly is an online retailer of contact lenses, eyeglasses and sunglasses. The company was acquired by EssilorLuxottica Canada, and is headquartered in Vancouver, British Columbia. They are one of the largest online contact lens retailers in North America, and the largest seller of prescription eyeglasses online in the world.Harnish, Verne5 ways to get your business strategy right ''CNN Money''. April 6, 2011.Brohan, MarkGroupon helps Coastal Contacts build awareness--and sales--in the U.K. ''Internet Retailer''. March 3, 2011. History Founded in 2000 as Coastal Contacts by Roger Hardy and his sister Michaela Hardy, who bought the keyword "contact lens" from AltaVista, which meant that all searches for "contact lens" were accompanied with Coastal Contacts' banner ads.Mitra, SramanaBuilding A Niche E-Commerce powerhouse: Coastal Contacts CEO Roger Hardy ''Sramana Mitra''. November 12, 2010.Bitti, MaryClearly a Winning Strategy. ''Canadian Retailer''. August 1, 2009. In the fir ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
CAC 40
The CAC 40 (french: CAC quarante ) (''Cotation Assistée en Continu'') is a benchmark French stock market index. The index represents a capitalization-weighted measure of the 40 most significant stocks among the 100 largest market caps on the Euronext Paris (formerly the Paris Bourse). It is a price return index. It is one of the main national indices of the pan-European stock exchange group Euronext alongside Euronext Amsterdam's AEX, Euronext Brussels' BEL20, Euronext Dublin's ISEQ 20, Euronext Lisbon's PSI-20 and the Oslo Bors OBX Index. History The CAC 40 takes its name from the Paris Bourse's early automation system Cotation Assistée en Continu (''Continuous Assisted Quotation''). Its base value of 1,000 was set on 31 December 1987, equivalent to a market capitalisation of 370,437,433,957.70 French francs. On 1 December 2003, the index's weighting system switched from being dependent on total market capitalisation to free float market cap only, in line with other leading ... [...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] |
Vertical Integration
In microeconomics, management and international political economy, vertical integration is a term that describes the arrangement in which the supply chain of a company is integrated and owned by that company. Usually each member of the supply chain produces a different product or (market-specific) service, and the products combine to satisfy a common need. It contrasts with horizontal integration, wherein a company produces several items that are related to one another. Vertical integration has also described management styles that bring large portions of the supply chain not only under a common ownership but also into one corporation (as in the 1920s when the Ford River Rouge Complex began making much of its own steel rather than buying it from suppliers). Vertical integration and expansion is desired because it secures supplies needed by the firm to produce its product and the market needed to sell the product. Vertical integration and expansion can become undesirable whe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Multinational Corporation
A multinational company (MNC), also referred to as a multinational enterprise (MNE), a transnational enterprise (TNE), a transnational corporation (TNC), an international corporation or a stateless corporation with subtle but contrasting senses, is a corporate organization that owns and controls the production of goods or services in at least one country other than its home country. Control is considered an important aspect of an MNC, to distinguish it from international portfolio investment organizations, such as some international mutual funds that invest in corporations abroad simply to diversify financial risks. Black's Law Dictionary suggests that a company or group should be considered a multinational corporation "if it derives 25% or more of its revenue from out-of-home-country operations". Most of the largest and most influential companies of the modern age are publicly traded multinational corporations, including '' Forbes Global 2000'' companies. History Colonialism Th ... [...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] |
Euronext Paris
Euronext Paris is France's securities market, formerly known as the Paris Bourse, which merged with the Amsterdam, Lisbon, and Brussels exchanges in September 2000 to form Euronext NV. As of 2022, the 795 companies listed had a combined market capitalization of over US$4.5 trillion. Euronext Paris, the French branch of Euronext, is Europe's second-largest stock exchange market, behind the London Stock Exchange. History In the early 19th century, the Paris Bourse's activities found a stable location at the ''Palais Brongniart'', or ''Palais de la Bourse'', built to the designs of architect Alexandre-Théodore Brongniart from 1808 to 1813 and completed by Éloi Labarre from 1813 to 1826.Ayers 2004, pp. 61–62. Brongniart had spontaneously submitted his project, which was a rectangular neoclassical Roman temple with a giant Corinthian colonnade enclosing a vaulted and arcaded central chamber. His designs were greatly admired by Napoleon and won Brongniart a major public co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
