essilorluxottica stock news

People use Facebook's apps and technologies to connect with friends and family, find communities and grow businesses.EssilorLuxottica EssilorLuxottica is a global leader in the design, manufacture and distribution of ophthalmic lenses, frames and sunglasses. Please opt-in to receive news and information about Nasdaq’s services. 2 EssilorLuxottica’s by-laws are available on the Company’s website under the section Governance / Publications or by clicking here. The performance at optical retail improved visibly during the course of the quarter with all banners accelerating. View today's stock price, news and analysis for EssilorLuxottica S.A. ADR (ESLOY). New products were also supportive of the mix with Transitions GEN 8, AVA lenses and VR-800 measuring instruments continuing their ramp-up. In 2019, EssilorLuxottica had over 150,000 employees and consolidated revenues of Euro 17.4 billion. Specifications and pricing for the product of Facebook and Luxottica’s collaboration will be announced ahead of the launch, scheduled for next year. 3 Fast-growing/emerging countries or markets: China, India, South Asia, South Korea, Hong Kong, Taiwan, Africa, the Middle East, Russia, Eastern Europe and Latin America. © 2020 Verizon Media. Spectacles maker EssilorLuxottica said it would appeal against a Dutch court's verdict that had rejected its contention that takeover target GrandVision had breached a deal agreement. The business was primarily boosted by the overall restocking of the independent channel, which restarted activity after restrictions in the second quarter caused more than two thirds of wholesale customers worldwide to close. Influential eyewear brands including Ray-Ban and Oakley, lens technology brands including Varilux® and Transitions®, and world-class retail brands including Sunglass Hut and LensCrafters are part of the EssilorLuxottica family. 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Disclosure of Share Capital and Voting Rights Outstanding as of July 31, 2020(Pursuant to Article L.233-8 II of the French Commercial Code and articles 221-1 and 223-16 of the General Regulations of the Autorité des Marchés Financiers)Charenton-le-Pont, France (August 10, 2020 - 6:00 pm) \- As of July 31, 2020, shares and voting rights outstanding of EssilorLuxottica, the global leader in the design, manufacture and distribution of ophthalmic lenses, frames and sunglasses, breaks down as indicated below.  July 31, 2020 Shares outstanding   437,584,4061 Number of real voting rights (excluding treasury shares) 435,252,988 Theoretical number of voting rights (including treasury shares) 437,584,406 It is to be noted that voting rights are capped at 31%, applicable to any shareholder, in accordance with a formula contained in article 23 of EssilorLuxottica’s by-laws2.For further information, please consult the Prospectus which received Visa No. The EssilorLuxottica share trades on the Euronext Paris market and is included in the Euro Stoxx 50 and CAC 40 indices. "EssilorLuxottica confirms that it has decided to file an appeal against the judgment dismissing the company’s demands for disclosure of information from GrandVision," it said on Friday. Benzinga does not provide investment advice. In accordance with the plan regulations, the individual performance condition will be assessed over the financial years that are now closed during which Leonardo Del Vecchio held the position of Chief Executive Officer.Leonardo Del Vecchio, who will continue to perform his duties as director and Chairman of the Board of Directors of the Company and as Executive Chairman of Luxottica, will continue to satisfy the presence condition provided for by the outstanding performance share plans. With many consumers still nervous about hitting the gym, helping wealthy customers get in shape is worth exploring, particularly given the increasing fusion between fitness and fashion.There are still risks. While COVID-19 disruptions continued to weigh on sales, the Company significantly mitigated their impact through strong execution, leading to a positive mix in all the main divisions, both in terms of products (consumers favoring value-added solutions) and trade channels (independent ECPs driving the recovery).Lenses & Optical Instruments The Lenses & Optical Instruments division posted revenue down 1.8% (up 2.7% at constant exchange rates1). If that doesn’t pan out, there’s at least a clear route for the two sides to end their alliance without too much acrimony.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Andrea Felsted is a Bloomberg Opinion columnist covering the consumer and retail industries. Wearables have the potential to do that. EssilorLuxottica (ESLOF) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets. Note that in the context of the COVID-19 crisis, Leonardo Del Vecchio asked for a 50% reduction in his fixed compensation for the period from April to June 2020 inclusive. Free forex prices, toplists, indices and lots more. E-commerce was up 40%1 to a record Euro 878 million in the first nine months of 2020, driven by the Company’s proprietary brand platforms (Ray-Ban.com, Oakley.com and SunglassHut.com) as well as several multi-brand sites (EyeBuyDirect.com, Clearly.ca, Visiondirect.co.uk). A high-level overview of EssilorLuxottica Société anonyme (ESLOY) stock. The affordable price makes this truck hard to resist. While living up to our responsibility as an industry leader, we also proved the strength of our business model by managing to break even in the first half with positive operating income1 and critical cash flow generation. Free forex prices, toplists, indices and lots more. Influential eyewear brands including Ray-Ban and Oakley, lens technology brands including Varilux® and Transitions®, and world-class retail brands including Sunglass Hut and LensCrafters are part of the EssilorLuxottica family. In 2009, Hubert Sagnières attained the maximum years of service defined in the plan. Yes, it has an optical retail presence in Europe that EssilorLuxottica lacks.   * Outstanding performance share plans: shares granted under outstanding share plans are as follows: * 50,000 performance shares, granted pursuant to the Board of Directors’ decision of November 29, 2018; * 40,000 performance shares, granted pursuant to the Board of Directors’ decision of October 3, 2019; and * 20,000 performance shares, granted pursuant to the Board of Directors’ decision of October 1, 2020.Note that all other plan rules, including the collective and individual performance conditions, continue to apply1. Recent product announcements such as the launch of Stellest in China, a revolutionary new lens to manage myopia in children, and the recent partnership with Facebook in smart glasses, confirm that our Group never stops in its pursuit of innovation. EssilorLuxottica Société anonyme was founded in 1849 and is headquartered in Paris, France. It has a network of 449 prescription laboratories and edging-mounting facilities. Codes and symbols: ISIN: FR0000121667; Reuters: ESLX.PA; Bloomberg: EL:FP. Influential eyewear brands including Ray-Ban and Oakley, lens technology brands including Varilux® and Transitions®, and world-class retail brands including Sunglass Hut and LensCrafters are part of the EssilorLuxottica family. CONTACTSEssilorLuxottica Investor Relations (Charenton-le-Pont) Tel: + 33 1 49 77 42 16 (Milan) Tel: + 39 (02) 8633 4870 E-mail: ir@essilorluxottica.com  EssilorLuxottica Corporate Communications (Charenton-le-Pont) Tel: + 33 1 49 77 45 02 (Milan) Tel: + 39 (02) 8633 4470 E-mail: media@essilorluxottica.com   Attachment * DOWNLOAD PDF VERSION OF THE NEWS RELEASE.  “We are especially proud of our collaboration with Facebook, which projects an iconic brand like Ray-Ban into an increasingly digital and social future. RBC Capital Markets says Anheuser-Busch InBev, EssilorLuxottica, and Royal Dutch Shell are reasonably priced as investors look ahead to a recovery. Optical eyeglasses were back to growth both online and in traditional retail, while holiday travel restrictions related to COVID-19 weighed on the demand for sunglasses. Equipment sales were down 28.1% at constant exchange rates1 as cash preservation by its clients during the pandemic weighed on their investments. Update on legal proceedings to obtain information from GrandVision Charenton-le-Pont, France (September 4, 2020 – 7am) – EssilorLuxottica confirms that it has decided to file an appeal against the judgment dismissing the Company’s demands for disclosure of information from GrandVision.EssilorLuxottica is concerned about GrandVision’s behavior in continuing to deny access to important information related to their handling of the COVID-19 outbreak. COVID-19 updateIn the last few months, the need for good vision confirmed its resilience and structural characteristics despite a volatile health and business environment. Essilorluxottica (EL) stock price, charts, trades & the US's most popular discussion forums. In the end, the agreement was terminated, costing Sycamore the opportunity to reinvigorate the famous name. Subscribe to Premium to view Fair Value for EL.PA. By countries, the business was supported by a material rebound in several key markets: France thanks to the success of the multi-network distribution strategy, Italy, the Nordics, the Benelux and Eastern Europe. Their review report is in the process of being issued.“Our first priority in recent months has been to protect our people and our communities, and to support our partners and customers during the COVID-19 pandemic.  Attachment * DOWNLOAD PDF VERSION OF THE NEWS RELEASE, Publication of the 2020 Interim Financial ReportCharenton-le-Pont, France (July 31, 2020) \- The Board of Directors of EssilorLuxottica met yesterday to approve the condensed consolidated interim financial statements for the six-month period ended June 30, 2020. The strong balance sheet also reflects the sound Free Cash Flow2 generation of the quarter, as a result of cost control and cash preservation measures.In view of the second wave of the COVID-19 pandemic in Europe, the Company will consider in December the opportunity to distribute a dividend by year end. OutlookThe Company continues to approach the next few months with prudent confidence. Multiple digital initiatives rapidly transformed the Company’s go-to-market strategy. The compensation for his position as Director for the second half of 2020 will be set and paid in January 2021, as is the case for all the other Directors. In this section you will find all the press releases concerning EssilorLuxottica: enter the website to discover more. Shareholders approved Paul de Saillant to the board of directors. Essilorluxottica news and EL price. In August, a Dutch court ruled in favor of GrandVision, and EssilorLuxottica has since appealed. 2 EssilorLuxottica’s by-laws are available on the Company’s website under the section Governance / Publications or by clicking here. CONTACTSEssilorLuxottica Investor Relations (Charenton-le-Pont) Tel: + 33 1 49 77 42 16 (Milan) Tel: + 39 (02) 8633 4870 E-mail: ir@essilorluxottica.com EssilorLuxottica Corporate Communications (Charenton-le-Pont) Tel: + 33 1 49 77 45 02 (Milan) Tel: + 39 (02) 8633 4470 E-mail: media@essilorluxottica.com  Attachment * DOWNLOAD PDF VERSION OF THE NEWS RELEASE. (Bloomberg Opinion) -- The maker of Ray-Ban sunglasses, EssilorLuxottica SA, is reconsidering its agreed upon 7.3 billion-euro ($8.8 billion) purchase of optical retailer GrandVision NV, Bloomberg News reported on Wednesday. At the Extraordinary General Meeting of June 25, 2020, shareholders of EssilorLuxottica authorized the Board of Directors, within a 26-month period, to issue shares reserved for employees participating in an employee stock ownership plan, with new shares representing up to 0.5% of the total capital stock (Resolution 12).The Board of Directors decided the principle to issue up to 360,000 common shares reserved for participants in the EssilorLuxottica Group’s employee stock ownership plans and delegated to the Executive Chairman and to the Executive Vice-Chairman the powers to implement the transaction. In Mainland China sales continued their strong momentum to post double-digit year-on-year growth in the quarter, driven by branded lenses, made-to-order prescription lenses, blue-cut and the children category. STARS closed the quarter slightly above 16,700 doors (after 50 net additions in the period, mostly in the US and Brazil), posting 23% growth in revenue at constant exchange rates1 and representing approximately 18% of the division’s total business. The latter product raised privacy concerns and some critics complained its design looked geeky.Google pulled the plug on the consumer headset years ago, however an enterprise edition of Glass has found a welcoming home in warehouses, factories and shipping depots, helping guide employees around the workplace.Facebook’s smart glasses will allow wearers to use communication apps, The Menlo Park, California company said. In addition, this segment develops solutions for online sales of optical products. The Retail division was down 19.7% at constant exchange rates1 primarily dragged by the sun banners, suffering due to their exposure to touristic locations. But this may be less important as e-commerce — even in prescription glasses — has grown.For Arnault, it was also hard to find trophy assets in the luxury industry that were unencumbered by a family shareholding. The EssilorLuxottica share trades on the Euronext Paris market and is included in the Euro Stoxx 50 and CAC 40 indices. CONTACTSEssilorLuxottica Investor Relations (Charenton-le-Pont) Tel: + 33 1 49 77 42 16 (Milan) Tel: + 39 (02) 8633 4870 E-mail: ir@essilorluxottica.com EssilorLuxottica Corporate Communications (Charenton-le-Pont) Tel: + 33 1 49 77 45 02 (Milan) Tel: + 39 (02) 8633 4470 E-mail: media@essilorluxottica.com Attachment * DOWNLOAD PDF VERSION OF THE NEWS RELEASE. The annual gross amount of his supplementary pension is estimated to be Euro 447,000. CONTACTSEssilorLuxottica Investor Relations (Charenton-le-Pont) Tel: + 33 1 49 77 42 16 (Milan) Tel: + 39 (02) 8633 4870 E-mail: ir@essilorluxottica.comEssilorLuxottica Corporate Communications (Charenton-le-Pont) Tel: + 33 1 49 77 45 02 (Milan) Tel: + 39 (02) 8633 4470 E-mail: media@essilorluxottica.com AppendixThe breakdown of 2019 revenue has been restated following the integration of Costa into Luxottica’s brand portfolio.In millions of Euros1Q 20192Q 20193Q 20194Q 2019FY 2019 Lenses & Optical Instruments1,6741,7031,7131,7016,791 Sunglasses & Readers167208152214740 Equipment44555370221 Essilor revenue1,8851,9651,9171,9857,752 Wholesale8679627807743,383 Retail1,4581,6391,6131,5456,255 Luxottica revenue2,3252,6012,3932,3199,638 Total revenue4,2104,5664,3104,30417,390 Attachment * DOWNLOAD PDF VERSION OF THE NEWS RELEASE, Disclosure of Share Capital and Voting Rights Outstanding as of September 30, 2020(Pursuant to Article L.233-8 II of the French Commercial Code and articles 221-1 and 223-16 of the General Regulations of the Autorité des Marchés Financiers)Charenton-le-Pont, France (October 7, 2020 - 6:00 pm) \- As of September 30, 2020, shares and voting rights outstanding of EssilorLuxottica, the global leader in the design, manufacture and distribution of ophthalmic lenses, frames and sunglasses, breaks down as indicated below. September 30, 2020 Shares outstanding         437,585,5861 Number of real voting rights (excluding treasury shares)435,254,168 Theoretical number of voting rights (including treasury shares)437,585,586 It is to be noted that voting rights are capped at 31%, applicable to any shareholder, in accordance with a formula contained in article 23 of EssilorLuxottica’s by-laws2.For further information, please consult the Prospectus which received Visa No. The new environment has proved more supportive of cost synergies with key achievements in the fields of procurement, IT, lab unification and back-office.Revenue synergies were somewhat delayed by temporary store closures but are gradually catching up, with important milestones reached on complete pairs (Ray-Ban Authentic), joint ECP programmes (EssilorLuxottica 360) and cross-selling.Financial positionThe Company ended the quarter with Euro 8.8 billion in cash and short-term investments and a net debt6 of Euro 3.3 billion (including leases liabilities). The EssilorLuxottica share trades on the Euronext Paris market and is included in the Euro Stoxx 50 and CAC 40 indices. OTCIQ. Essilorluxottica (EL) stock price, charts, trades & the US's most popular discussion forums. The magnitude of the declines reflected the duration of the lockdowns and store closures across the various countries, their geographic reach (nationwide or more local), the measures taken by the different governments to reopen their economies as well as overall consumer behaviour in face of the pandemic. The EssilorLuxottica share trades on the Euronext Paris market and is included in the Euro Stoxx 50 and CAC 40 indices. Please upgrade the browser to the latest. This was especially true in dollar stores, while department stores and travel retail remained under pressure. Payment of the variable component is subject to the approval of the Annual Shareholders’ Meeting called to approve the financial statements for the year ending December 31, 2020. Stocks To Buy - Why Is This Metal Taking Off? Attachment * DOWNLOAD PDF VERSION OF THE NEWS RELEASE, Capital Increase Reserved for Employees of French companies participants in the employee stock ownership plansCharenton-le-Pont, France (December 7, 2020 – 6:00pm) – The purpose of this offer is to further involve the group’s employees in its development by allowing them to become shareholders of EssilorLuxottica. In terms of trade channels, sales were driven by independent ECPs, who benefitted from the consumer preference for the high street, and by e-commerce with strong performances at EyeBuyDirect.com, Clearly.ca and VisionDirect.co.uk. This was especially true in eye doctor alliances and with Essilor Experts.   * Unemployment insurance: the contribution paid in February 2020 to the GSC unemployment fund for company officers amounted to €8,004 (annual lump sum payment). In geographic terms, developed markets drove the performance, both in North America, Asia and Europe, which fared particularly well. The Company remains concerned about GrandVision’s behavior in continuing to deny access to important information related to their handling of the COVID-19 outbreak.EssilorLuxottica is a global leader in the design, manufacture and distribution of ophthalmic lenses, frames and sunglasses. Market Activity. EssilorLuxottica News: This is the News-site for the company EssilorLuxottica on Markets Insider EssilorLuxottica will likely have other chances to make opportunistic acquisitions.There is even a mechanism for the buyer to walk away: EssilorLuxottica could pay a 400 million-euro termination fee for a clean break, sparing each side from the kind of lengthy legal battle that Arnault faced in trying to dump Tiffany.No doubt Del Vecchio is driven by the dealmaker’s instinct to exploit his target’s difficult situation. Formed in 2018, its mission is to help people around the world to see more, be more and live life to its fullest by addressing their evolving vision needs and personal style aspirations. (Updates with additional background on smart glasses category from third paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P. Facebook Inc (NASDAQ: FB) has entered into a multiyear collaboration with EssilorLuxottica to develop smart glasses.What Happened: The partnership between the two companies was announced by the social media company's CEO Mark Zuckerberg at its virtually held Facebook Connect annual conference in California, EssilorLuxottica said in a statement. 4 Adjusted comparable store sales: reflect, for comparison purposes, the change in sales from one period to another by taking into account in the more recent period only those stores already open during the comparable prior period. Promising results were registered on the more resilient optical side of the division.  Nine-month 2020 revenue by regionIn millions of Euros9M 20209M 2019*Change at constant exchange rates1Currency effectChange at current exchange rates North America5,6876,876-17.1%-0.2%-17.3% Europe2,5393,268-21.6%-0.7%-22.3% Asia, Oceania and Africa1,6362,134-21.9%-1.5%-23.4% Latin America453808-32.9%-11.1%-44.0% Total10,31513,086-20.0%-1.2%-21.2% * The geographical breakdown of 2019 revenue has been revised to reflect a reclassification of certain geographic markets, which the Group considers immaterial.Revenues in all regions were down double digits over the first nine months of the year. Formed in 2018, its mission is to help people around the world to see more, be more and live life to its fullest by addressing their evolving vision needs and personal style aspirations. As for other economies, trading conditions remained tough in markets such as Hong Kong, India, South Korea and the Philippines. Influential eyewear brands including Ray-Ban and Oakley, lens technology brands including Varilux® and Transitions®, and world-class retail brands including Sunglass Hut and LensCrafters are part of the EssilorLuxottica family. Formed in 2018, its mission is to help people around the world to see more, be more and live life to its fullest by addressing their evolving vision needs and personal style aspirations. The Lenses and Optical Instruments segment offers lenses and small equipment, including Varilux progressive lenses; Crizal antireflective, anti-smudge, and antistatic lenses; Transitions photochromic lenses; Eyezen lenses for users of computers, tablets, smartphones, and other connected devices; Xperio polarized sun lenses; and Nikon and Kodak corrective lens brands. Sales posted solid year-on-year growth up to February, followed by material year-on-year declines from March due to the various COVID-19 related lockdowns across the world. And the next 2 months could decide your wealth in 2021. The division benefitted from the restocking activity in all main channels except department stores. Equipment revenue was flat year-on-year. CONTACTSEssilorLuxottica Investor Relations (Charenton-le-Pont) Tel: + 33 1 49 77 42 16 (Milan) Tel: + 39 (02) 8633 4870 E-mail: ir@essilorluxottica.comEssilorLuxottica Corporate Communications/ Media Relation (Charenton-le-Pont) Tel: + 33 1 49 77 45 02 (Milan) Tel: + 39 (02) 8633 4470 E-mail: media@essilorluxottica.com * * * 1 Including 24,693 shares delivered but not yet registered.  2 EssilorLuxottica’s by-laws are available on the Company’s website under the section Governance / Publications or by clicking here. Categories Key information Real-time quotation Shareholding structure How to become a Shareholder Find out more on all the information to help you track the EssilorLuxottica share. EssilorLuxottica will likely have other chances to make opportunistic acquisitions.There is even a mechanism for the buyer to walk away: EssilorLuxottica could pay a 400 million-euro termination fee for a clean break, sparing each side from the kind of lengthy legal battle that Arnault faced in trying to dump Tiffany.No doubt Del Vecchio is driven by the dealmaker’s instinct to exploit his target’s difficult situation. In contrast, trading conditions at the sun retail network proved to be more difficult. The Company brings together the complementary expertise of two industry pioneers, one in advanced lens technology and the other in the craftsmanship of iconic eyewear, to set new industry standards for vision care and the consumer experience around it. View real-time stock prices and stock quotes for a full financial overview. The current deadline for the probe to wrap up is August 27. When it comes to hospitality, that could include trophy hotels.Offering unique culinary experiences could also be a way for groups to pull in a hip local crowd in the U.S. or European markets. Some luxury brand restaurants are adapting to the new reality: Ralph Lauren’s Polo Bar in New York is offering home delivery.While social-distancing measures may mean fewer diners, this is less of a worry for the big luxury groups. Influential eyewear brands including Ray-Ban and Oakley, lens technology brands including Varilux® and Transitions®, and world-class retail brands including Sunglass Hut and LensCrafters are part of the EssilorLuxottica family. Codes and symbols: ISIN: FR0000121667; Reuters: ESLX.PA; Bloomberg: EL:FP. The banner benefitted from positive conversion rates and the high penetration of Smart Shopper sales as a proportion of the total. Instruments sales were also back into positive territory in September as opticians were eager to start investing again to further improve consumer experience.   * Termination benefits and non-compete payment: Leonardo Del Vecchio will not receive any termination benefits or non-compete payment on the termination of his position as Chief Executive Officer. It will combine the best of both worlds – innovative technology and fashion-forward style – to create smart glasses that consumers will truly love wearing. “We’re passionate about exploring devices that can give people better ways to connect with those closest to them. EssilorLuxottica announces organizational changes and interim dividend 2020 * Hubert Sagnières decided to leave executive responsibilities in EssilorLuxottica and its subsidiaries, and remain non-executive Vice-Chairman * In order to preserve the equal powers principle, Leonardo Del Vecchio to voluntarily step back from his executive responsibilities in EssilorLuxottica and remain non-executive Chairman * Executive powers granted until the 2021 annual general meeting to Francesco Milleri and Paul du Saillant, who are appointed as CEO and Deputy CEO * Interim dividend for financial year 2020 of Euro 1.15 per share EssilorLuxottica is a global leader in the design, manufacture and distribution of ophthalmic lenses, frames and sunglasses. Repeated requests ; GrandVision said it has to be mined first product will be branded Ray-Ban the! Smart glasses form the nexus of the business is essential, helped by Greater China, Yarui. 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