EssilorLuxottica

EssilorLuxottica S.A.

Company type	Public
Traded as	Euronext Paris: EL CAC 40 component Euro Stoxx 50 component
ISIN	FR0000121667
Industry	Eyewear Eye care
Predecessors	Essilor Luxottica
Founded	1 October 2018; 6 years ago (2018-10-01)
Headquarters	1-6 rue Paul Cézanne, 75008 Paris, France
Number of locations	17,589 stores (2023)[1]
Key people	Francesco Milleri (Chairman and CEO)
Products	Ophthalmic lenses, optical equipment, prescription glasses and sunglasses
Brands	Crizal LensCrafters Oakley Oliver Peoples Persol Ray-Ban Sunglass Hut Supreme Transitions Optical Varilux
Revenue	€25.39 billion (2023)[1]
Operating income	€3.176 billion (2023)[1]
Net income	€2.426 billion (2023)[1]
Total assets	€60.52 billion (2023)[1]
Total equity	€38.89 billion (2023)[1]
Owner	Delfin S.a.r.l. [lb] (32%)[2]
Number of employees	191,706 (2023)[1]
Subsidiaries	Essilor Luxottica
Website	essilorluxottica.com

EssilorLuxottica SA is a Franco-Italian vertically integrated multinational holding company registered in Charenton-Le-Pont and headquartered in nearby Paris. It designs, produces and markets ophthalmic lenses, equipment and instruments, prescription glasses and sunglasses. It was founded on 1 October 2018 and its name is an amalgamation of the two major corporations which merged to create it; the French Essilor and the Italian Luxottica. The two companies have, since the merger, been restructured as subsidiaries of the new entity.

Under the terms of the merger agreement, Essilor would purchase Luxottica, but Luxottica's leadership would be guaranteed prominent positions in the newly-formed corporation as well as some seats on its board of directors; Luxottica founder, Leonardo Del Vecchio, was notably designated chairman. The first few years of EssilorLuxottica post-merger were marred by disputes over leadership roles, but Del Vecchio was able to bring them to a satisfactory end.

Essilor and Luxottica were respectively the world's leading manufacturers of ophthalmic lenses and of eyeglasses; upon the merger, EssilorLuxottica thus became the juggernaut of the eyewear industry, which some critics have qualified of near monopoly. Essilor contributed its numerous proprietary lens technologies as well as its subsidiaries to the new company. Meanwhile, the latter gained through Luxottica ownership over numerous eyewear brands including Ray-Ban, Oakley, Persol, Oliver Peoples, and Vogue Eyewear; eyewear retailers LensCrafters, Pearle Vision, and Sunglass Hut, eyewear insurance company EyeMed, and exclusive eyewear licensing deals to numerous fashion houses.^[3] The company is listed on the Euronext Paris stock exchange under the trading symbol "EL" and 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. According to Statista, in 2023, the company generated €25.4 billion in revenue.^[4]