|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||111.35 - 113.10|
|52 Week Range||95.50 - 129.55|
|Beta (3Y Monthly)||0.42|
|PE Ratio (TTM)||27.60|
|Earnings Date||Jul 31, 2019|
|Forward Dividend & Yield||2.04 (1.83%)|
|1y Target Est||124.83|
In 2017, Italian eyewear behemoth Luxottica announced a merger with Essilor, a French lenses manufacturer. The $49 billion merger furthered Luxottica's entrance into all facets of eyewear, from design, to manufacturing, to retail. Though the merger was approved by several major international trade commissions, including the U.S.' FTC, some antitrust experts question if the move will help consumers, or entrench the industry standard in which glasses cost hundreds of dollars.
Increase in profitability and industry-beating performance can be essential considerations in a stock for some...
Disclosure of Share Capital and Voting Rights Outstanding as of May 31, 2019 (Pursuant to Article L.233-8 II of the French Commercial Code and articles 221-1 and.
With a market capitalization of €44b, EssilorLuxottica Société anonyme (EPA:EL) is a large-cap stock, which is...
Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...
Charenton-le-Pont, France (May 16, 2019 – 8:00 pm) – EssilorLuxottica’s Annual General Meeting was held today at the Maison de la Mutualité in Paris, chaired by Leonardo Del Vecchio, Executive Chairman, and Hubert Sagnières, Executive Vice-Chairman, of EssilorLuxottica. EssilorLuxottica shareholders approved all 18 resolutions, at the ordinary and extraordinary General Meeting, which had been submitted by the Board of Directors (and published in compliance with the provisions of the law).
EssilorLuxottica declared an end to a feud between its French and Italian partners on Monday, saying it would drop all legal proceedings and focus on integrating the eyewear group formed by last year's 54 billion euro ($61 billion) merger. The company, which brings together Ray-Ban maker Luxottica and lenses specialist Essilor, also reaffirmed its ambition to find a new chief executive by the end of 2020. Shares in EssilorLuxottica, which have been rattled as the dispute was fought out in public, were up 0.27 percent at 1422 GMT, among the rare gainers on the Paris benchmark CAC-40 index, which was down 1.4 percent.
On Monday, the maker of Ray-Ban and Oakley sunglasses outlined a fresh leadership revamp to end the hostilities between chairman and dominant shareholder Leonardo del Vecchio and his deputy. The overhaul still fails to address the flaws in the company’s governance – and has regrettably divided the minority shareholders who have been pressing for a long-term resolution to the conflict. EssilorLuxottica was created out of the October merger of Essilor, a Paris-based lense maker, and Luxottica, the maker of frames controlled by Del Vecchio.
EssilorLuxottica and Delfin sign settlement agreement to solve EssilorLuxottica’s governance issues and unlock the Group’s potentialto accelerate the integration process.
Eyewear group EssilorLuxottica's feuding French and Italian partners are close to signing a peace deal to end a boardroom dispute over the group's leadership that threatened to pull it apart, France's Les Echos business daily reported on Sunday. Citing two unnamed sources familiar with the matter, Les Echos said the agreement could be signed later on Sunday evening. A spokeswoman for EssilorLuxottica declined to comment.
EssilorLuxottica kept its full-year outlook unchanged on Tuesday after posting upbeat first-quarter sales, although some concerns remain among investors over the future of governance at the world's largest eyewear manufacturer. EssilorLuxottica was formed last October after the merger of French lenses specialist Essilor and Italian spectacles maker Luxottica, creating the world's largest eyewear maker in a 54 billion euro deal. Presented two years ago as a logic fit and merger of equals, the EssilorLuxottica deal derailed shortly in a management crisis at the very top of the new holding company, with both sides accusing each other of trying to secure leadership.
Charenton-le-Pont, France (May 7, 2019 – 7:00am) – EssilorLuxottica today announced that consolidated revenue for the first quarter of 2019 totalled Euro 4,210 million, representing a year-on-year increase of 7.5% compared to Q1 2018 pro forma1 revenue (+3.7% at constant exchange rates3). “I am very satisfied with the results of the first quarter of EssilorLuxottica, with all its business areas growing.
Disclosure of Share Capital and Voting Rights Outstanding as of April 30, 2019 (Pursuant to Article L.233-8 II of the French Commercial Code and articles 221-1 and.
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Conditions for obtaining or consulting the documents prepared for theOrdinary and Extraordinary General Meeting of May 16, 2019 Charenton-le-Pont, France (April 25, 2019 - 8:00.
Charenton-le-Pont, France (April 24, 2019) – The Board of Directors of EssilorLuxottica met on April 24, 2019 to review the proposed complementary resolutions submitted on April 18, 2019 by Valoptec, on one side, and by certain institutional investors, on the other side, for the appointment – by the May 16, 2019 General Meeting – of, respectively, one additional board member and two additional board members. The Board of Directors recommended at the majority that the shareholders vote against all the proposed resolutions which, if approved, would result in a clear breach of the Combination Agreement and in a potential disruption for the activities of the Board.
Valoptec International which represents employees and former employees of Ray Ban maker EssilorLuxottica has proposed the appointment of an additional independent director to the group's board in a bid to resolve governance issues. Valoptec said in a statement it had submitted a draft resolution for a May 16 EssilorLuxottica shareholders meeting, to appoint British national Peter James Montagnon as independent director.