Luxottica and Essilor seek merger, the largest glasses manufacturer will be born According to foreign media reports on t

Luxottica and Essilor seek merger, the largest glasses manufacturer will be born According to foreign media reports on the 15th, the world's top two glasses manufacturers, Italy's Luxottica Group and France's Essilor Group, have reached a merger agreement to become the world's largest glasses manufacturer. With a transaction size of 鈧?6 billion, it is one of the largest cross-border transactions in Europe.

FB6015c2 Silver Hipster Frame Men's Retro Brow Line Frame Pure Titanium Myopia Spectacle Frame As of last Friday's close, Luxottica Group has a market capitalization of 23.64 billion euros and Essilor Group has a market value of 21.83 billion euros, Sources say it is a reciprocal deal. According to the data, in 2015, Luxottica Group's revenue was 9.011 billion euros, ranking first in the industry, and Essilor Group's revenue was 6.72 billion euros, ranking second in the industry.

If the two companies merge successfully, the two companies will have annual revenues of 16 billion euros. It is reported that the combined huge eyewear empire will be listed on the Paris Stock Exchange. After the merger is completed, Leonardo Dale Vigio, founder of the Luxottica Group, will hold a 31% stake in the combined company through his family business Delfin, becoming the largest shareholder of the combined company, the sources said.

Analysts pointed out that the two glasses giants have joined forces to better integrate the upstream and downstream supply chains to cope with the development and changes of the eyewear industry. With an aging population and increasing awareness about eye care and vision issues, the demand for eyeglasses is increasing in regions such as Asia, Africa, and Latin America.

According to Grand View Research, the global eyewear market reached $100 billion in 2015. Women's sunglasses.