Essilor Luxottica groupe: The latest figures, news and market research on Essilor Luxottica groupe

Turnover: 25.4 billion EUR (2023)

Country: France

EssilorLuxottica is a world leader in the design, manufacture and distribution of ophthalmic lenses, optical frames and sunglasses. Created in 2018, the company brings together the complementary expertise of two players, the first in advanced lens technologies, the second in eyewear mastery.

EssilorLuxottica's assets include brands such as Ray-Ban and Oakley for eyewear, Varilux® and Transitions® for ophthalmic optical technologies, Sunglass Hut and Lenscrafters for international distribution networks.

The Group employs over 66,000 people

In 2017, sales by revenue source were split between lenses and optical instruments 86.8% (2017), sunglasses (10.2%), equipment (3%).
In July 2019, the Group announced the acquisition of the Dutch company GrandVision, continuing its consolidation in the optical market.

The group's main shareholder, Luxottica founder Leonardo Del Vecchio, who holds 32% of the company's capital, dies in 2022

january 10, 2021 - Since the merger, the company has been at the heart of managerial tensions - Source(LesEchos)

March 2020 - Good results in 2019 - Source (LesEchos)

Good results for Essilorluxottica despite difficult merger
4.4% sales growth

News

EssilorLuxottica buys streetwear icon Supreme for USD 1.5 billion | EssilorLuxottica buys Supreme for USD 1.5 billion 22/07/2024

Amount of EssilorLuxottica's acquisition of Supreme: $1.5 billion paid in cash.
Fall in the buyer's share price on the Paris Bourse: 4.45% on the Wednesday following the announcement.
Number of brands owned by EssilorLuxoticca: Eleven brands, including Ray Ban, Oakley and Persol.
Number of license agreements with luxury and fashion brands: Around twenty (Armani, Burberry, Dolce Gabbana, Chanel, etc.).
Investment in Heidelberg Engineering: 80%, amount undisclosed.
Supreme sales in 2022: $561.5 million, down from $523.1 million the previous year.
Comparison of investment with Oakley acquisition in 2007: Equivalent amount.
Price paid by VF Corporation to acquire Supreme in 2020: $2 billion.
Number of Supreme stores worldwide: Seventeen, located in the United States, Europe and Asia.

Optics specialist EssilorLuxottica acquires 80% of Heidelberg Engineering 17/07/2024

- Acquisition of Heidelberg Engineering by EssilorLuxottica
- Heidelberg Engineering sales in 2022: just over 100 million euros.
- Previous acquisition, Israeli hearing healthcare specialist Nuance Hearing in 2023.
- New Nuance Hearing product: Nuance Audio, combining a hearing aid with glasses, released in early 2024.
- In 2008, Essilor acquires Swiss laboratory optics supplier Satisloh.
Acquisition of VF Corporation by EssilorLuxottica
- Acquisition value: 1.4 billion euros.

EssilorLuxottica acquires Supreme, the iconic skateboard brand. 17/07/2024

- EssilorLuxottica to buy Supreme for $1.5 billion.
- Supreme sales in 2023: $523.1 million.
- Supreme sales (2022): $561.5 million.
- Supreme generates around 60% of its sales from online activities.
- Supreme has a network of 17 stores in the United States, Asia and Europe.
- EssilorLuxottica sales exceeded 25 billion euros last year (2022).

BBGR boosts Seine-et-Marne capacity by 30% to keep pace with growth in Nikon optical lenses 30/03/2024

- BBGR is a subsidiary of EssilorLuxottica.
- The company has specialized in optical lenses for over 170 years.
- BBGR will increase capacity at its Provins site by 30% from April.
- The Provins site employs 235 people.
- The aim of this capacity increase is to meet strong demand for Nikon lenses, produced at Provins since 2016.
- Since 2016, volumes of Nikon lenses manufactured at Provins have increased 15-fold.

EssilorLuxottica passes the €25 billion sales mark 15/02/2024

In 2023, the company spent 1.7 billion euros on R&D between 2020 and 2022, in particular to develop connected and/or hearing glasses. Before the summer, the company will inaugurate an optics laboratory (300 employees) in Wissous (Essonne). In the second half of 2024, its first hearing glasses will be marketed in the United States.
The product potentially concerns the 1.25 billion people affected by mild hearing loss.
To integrate a miniature hearing aid into a pair of glasses, the company acquired the Israeli start-up Nuance in 2022.
Its brand portfolio has expanded to include Moncler, Jimmy Choo, Brunello Cucinelli and Ferrari licenses.
18,000 directly-operated stores in 150 countries, including 1,000 in France.

EssilorLuxottica integrates a hearing aid into its glasses 09/01/2024

Launch of "Nuance" glasses that act as hearing aids.
Microphones camouflaged in the frames enable the wearer to concentrate on and amplify the voice of the person speaking
First equipment with virtually invisible hearing aids
While 1.6 billion people worldwide suffer from hearing loss, this figure is expected to rise to 2.5 billion by 2050
Nuance Audio glasses, which will be available in three models, will be sold by hearing aid practitioners, in EssilorLuxottica's distribution network (18,000 stores) and on the Internet.
Acquisition of Israel-based Nuance Hearing, which has developed a small tabletop device that amplifies sound

In the heart of the Meuse region, Essilor breaks records to produce special ophthalmic lenses 11/08/2023

Essilor's SL Lab site merged in 2018 with Italian eyewear manufacturer Luxottica.
It employs 81 people in the special lenses production unit.
Each year, they produce around 80,000 ophthalmic lenses, half of which are shipped for export.
In France, around 1 in 1000 people suffer from extreme visual defects such as myopia or hyperopia.
It takes three years of compulsory training for employees to become autonomous.
Since the unit was set up in 2014, 300,000 special lenses have been produced.

Optics: EssilorLuxottica accumulates records 23/02/2023

Optical giant's sales to grow by 13.9% in 2022
North America, its leading market, grew by 4% at constant exchange rates, to almost 11.5 billion euros.
European momentum is even stronger: +11.2% to 8.7 billion euros
Asia remains solid