Translated by Nicola Mira Published November 28, 2024 At a time when control of the supply chain has become a strategic asset for the luxury industry, Dior has created its …
By Bloomberg Published November 10, 2024 After transforming a small leather shop in Milan into a $19 billion luxury empire, Miuccia Prada and Patrizio Bertelli have taken the first steps …
By Bloomberg Published October 22, 2024 EssilorLuxottica SA, the French-Italian group that dominates the global eyewear market, reached the final target its founder Leonardo Del Vecchio set before he passed …
By Reuters Published October 22, 2024 French cosmetics giant L’Oreal reported a rise in third quarter sales on Tuesday that missed expectations after low consumer confidence in China sapped demand …
EssilorLuxottica, the world’s largest eyewear company, has purchased a 5.1% stake in Nikon and is treating it as a “long-term financial investment to support the company and its management.” While …
By Reuters Published September 17, 2024 EssilorLuxottica said on Tuesday it had extended its partnership with Meta Platforms by entering into a new long-term agreement to continue the development of …
By Bloomberg Published Jul 26, 2024 EssilorLuxottica SA confirmed Meta Platforms Inc. is interested in buying a stake in the world’s biggest eyewear maker. Bloomberg Chief Executive Officer Francesco Milleri …
By Bloomberg Published Jul 18, 2024 Meta Platforms Inc. is in talks to take a minority stake in the maker of Ray-Ban sunglasses, as the Facebook owner intensifies its push …
By Reuters Published Jul 17, 2024 EssilorLuxottica has agreed to buy streetwear brand Supreme from VF Corporation, opens new tab for $1.5 billion, both companies said on Wednesday, marking the first acquisition …
By Reuters Published Jul 17, 2024 Meta Platforms and EssilorLuxottica’s new generation of smart glasses have sold more in a few months than the old ones did in two years, …