EssilorLuxottica

EssilorLuxottica SA is a Paris-based Italian-French vertically integrated multinational firm formed on October 1, 2018, by the merging of the Italian Luxottica and the French Essilor. The company creates, manufactures, and sells ophthalmic lenses, optical equipment, prescription glasses, and sunglasses. Ray-Ban, Oakley, Michael Kors, Varilux, Crizal, Transitions, and LensCrafters are among the company's proprietary and licensed brands. EssilorLuxottica is a global leader in designing, manufacturing and distributing ophthalmic lenses and frames.

The company's revenue is €14.4 billion, and its capitalization is €38.2 billion. The firm trades under the symbol EL on the Euronext Paris stock exchange. It is a component of the CAC 40 share index, which contains the 40 most capitalized companies traded on the Paris Stock Exchange and the Euro Stoxx 50, which includes the 50 largest corporations in the Eurozone.

The firm dominates as the most significant single player in the worldwide eyeglasses market. They own Clearly (Clearly.ca/Coastal.com), Eyebuydirect, FramesDirect.com, LensCrafters, OPSM, Pearle Vision, Sears Optical, Sunglass Hut, Target Optical, Vision Direct, Vision Source, and other enterprises. The corporation has been accused of being a borderline monopoly by arbitrarily raising the prices of its products due to its market dominance. This predatory behavior was discussed in the Adam Ruins Everything episode "Adam Ruins Malls."

Founded: 2018

Headquarters: Paris, France

Website: https://www.essilorluxottica.com