Essilor and Delfin complete
combination of Essilor and Luxottica
Delfin, the majority shareholder of Luxottica
Group S.p.A. and Essilor International has announced
the successful completion of the combination of
Essilor and Luxottica.
The combined holding company named Essilor-
Luxottica is a global leader in the design, manufacture
and distribution of ophthalmic lenses, prescription
frames and sunglasses.
Following the contribution by Delfin, the majority
shareholder of Luxottica, of its 62% stake in Luxottica
to Essilor on October 1, 2018, Essilor became the
parent company of Luxottica and was renamed
EssilorLuxottica.
Leveraging over 150 years of innovation, operational
excellence, entrepreneurial spirit and international
mindset, EssilorLuxottica develops groundbreaking
eyecare and eyewear solutions to meet the changing
lifestyles of existing consumers, while inventing new
ways to reach the 2.5 billion people who suffer from
uncorrected poor vision and the six billion people who
do not protect their eyes from harmful rays. Its
vertically integrated business draws on the comple-
mentary expertise of two industry pioneers, one
in advanced lens technologies and the other in the
craftsmanship of iconic eyewear, to offer an unprec-
edented set of comprehensive solutions to consumers
and eyecare professionals.
Leonardo Del Vecchio, Executive Chairman of
EssilorLuxottica, said:“We are at the beginning of a
new chapter in our history in which we do strongly
believe, bringing together frames and lenses under
the same roof and competing our vertically integrated
business model. We will enhance the excellences of
Luxottica and Essilor to improve the service level
and offer consumers around the world even better
products that leverage on our most beloved brands
with cutting-edge lens technologies. We will
expand our offer and foster the development of our
customers’ business and the entire industry.”
Hubert Sagnières, Executive Vice-Chairman of
EssilorLuxottica, added: “The creation of Essilor
30 OPTICAL PRISM November 2018
Luxottica is a defining moment in our fight to
elevate the importance of good visionas both a basic
human right and a key lever for global development.
EssilorLuxottica now has the means to give this
important cause a much stronger voice and is in a
position to grow the entire eyecare and eyewear
industry thanks to its presence in all major segments,
from lenses to frames to physical and online
distribution. Our commitment to foster innovation,
enhance customer service and reimagine the consumer
experience will benefit all stakeholders. Moreover, the
Company’s mission will be strengthened by active
and growing employee ownership, which is set to
play a central role in the EssilorLuxottica
governance model.”