EssilorLuxottica Group

EssilorLuxottica Group is a global leader in the design, manufacture, and distribution of ophthalmic lenses, optical equipment, and eyewear. Formed in October 2018 through the merger of Essilor, a French ophthalmic optics company, and Luxottica, an Italian eyewear manufacturer, the company combines over a century of innovation and expertise in vision care and eyewear.

Headquartered in Charenton-le-Pont, France, EssilorLuxottica operates in over 150 countries, employing approximately 190,000 people.

The company's extensive portfolio includes renowned eyewear brands such as Ray-Ban, Oakley, Persol, Oliver Peoples, Vogue Eyewear, and Costa, as well as licensed brands like Giorgio Armani, Burberry, Chanel, and Prada.

Business Model and Financials

EssilorLuxottica's vertically integrated business model encompasses the entire value chain, from research and development to manufacturing and retail. This integration allows the company to deliver innovative products and services that address the evolving vision needs of a growing global population.

In 2023, the company reported revenues of €28.7 billion, with an operating profit of €3.176 billion.

Recent Expansions and Acquisitions

In recent years, EssilorLuxottica has expanded its product offerings and market reach through strategic acquisitions.

• In 2024, the company acquired an 80% stake in Heidelberg Engineering, a German company specializing in ophthalmic diagnostic instruments.
• This acquisition enhances its capabilities in eye health technology.
• Additionally, EssilorLuxottica announced plans to acquire the U.S. streetwear brand Supreme for $1.5 billion, marking its first venture beyond eyewear and lenses.

Technological Innovations

The company is at the forefront of integrating advanced technologies into its products.

In collaboration with Meta, EssilorLuxottica developed the Ray-Ban Meta smart glasses, which have been well-received in the market.

Discussions are ongoing for Meta to acquire a 5% stake in EssilorLuxottica, potentially valued at €4.33 billion, to strengthen their partnership in the smart eyewear sector.

Commitment to Sustainability

EssilorLuxottica is committed to sustainability through its corporate responsibility program, Eyes on the Planet.

This program focuses on carbon neutrality, circularity, world sight, inclusion, and ethics.

The company aims to eliminate uncorrected poor vision by 2050 and has launched the OneSight EssilorLuxottica Foundation to provide free eye exams and eyeglasses to underprivileged communities worldwide.

Locations in the United States

EssilorLuxottica operates several locations across the U.S., contributing to its extensive global presence and serving millions of customers annually.

• Warwick, RI
• Lafayette, LA
• Albuquerque, NM
• Mount Vernon, NY
• Fargo, ND
• Boulder, CO