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EssilorLuxottica Société anonyme (EL.PA)

Paris - Paris Delayed price. Currency in EUR
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115.40+2.40 (+2.12%)
At close: 5:37PM CEST
Full screen
Previous close113.00
Open112.15
Bid0.00 x 0
Ask0.00 x 0
Day's range112.15 - 115.45
52-week range86.76 - 145.00
Volume718,774
Avg. volume515,853
Market cap50.312B
Beta (5Y monthly)0.74
PE ratio (TTM)N/A
EPS (TTM)N/A
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend date21 May 2019
1y target estN/A
  • Bloomberg

    Facebook, Ray-Ban Team Up in Push to Make Smart Glasses Cool

    (Bloomberg) -- Facebook Inc. is teaming up with the maker of Ray-Bans to develop smart glasses that would let wearers use apps to connect to their friends and family.Founder Mark Zuckerberg announced the linkup with EssilorLuxottica SA, the world’s largest maker of eyewear, Wednesday at Facebook’s annual conference on new technologies, in an attempt to popularize intelligent glasses with help from the Ray-Ban brand.The two companies are entering a field marked by repeated flops, including high-profile efforts like Intel Corp.’s Vaunt glasses and the Google Glass project spearheaded by Alphabet Inc. co-founder Sergey Brin. 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. Interest in augmented-reality applications and wearable devices is high among most technology companies, and smart glasses form the nexus of the two. Specifications and pricing for the product of Facebook and Luxottica’s collaboration will be announced ahead of the launch, scheduled for next year.(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.

  • EssilorLuxottica to appeal court verdict over GrandVision
    Reuters

    EssilorLuxottica to appeal court verdict over GrandVision

    Spectacles maker EssilorLuxottica <ESLX.PA> said it would appeal against a Dutch court's verdict that had rejected its contention that takeover target GrandVision <GVNV.AS> had breached a deal agreement. Last month, the Rotterdam district court said EssilorLuxottica had failed to prove its claim that Dutch peer GrandVision had breached the agreement by not seeking permission for actions it took as lockdowns to combat COVID-19 extended throughout Europe. "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.

  • Would You Stay in a Louis Vuitton Hotel Right Now?
    Bloomberg

    Would You Stay in a Louis Vuitton Hotel Right Now?

    (Bloomberg Opinion) -- Before the novel coronavirus hit, the world’s bling behemoths were pulling out the stops to sell “experiences” where their jet-setting customers could indulge in opulent lodging and dining, all while posting photos of themselves on Instagram. Between 2010 and 2019 demand for experience-based luxury, including fine wines and gourmet food, outstripped that for personal goods, such as watches and handbags. Then Covid-19 upended the trend. Few are crossing oceans to stay at a Bulgari hotel or dine at a Gucci restaurant right now. But companies from Giorgio Armani SpA to Capri Holdings Ltd.’s Versace and LVMH Moet Hennessey Louis Vuitton SE could still turn the strategy of tapping into luxury as a broader lifestyle to their benefit. They could offer extravagant getaways to high spenders happy to pay extra to dine, shop and relax in a safe and secluded environment. Or coax more potential local customers out for exclusive home-town retreats given people aren’t splurging on long-haul airfare. And they could expand their offering with a broader push into health and wellness, where spending was already booming before the pandemic. LVMH, the world’s biggest luxury group, is probably the most advanced on this frontier. It acquired Belmond, owner of Venice’s Hotel Cipriani, to complement its exclusive Cheval Blanc hotel chain. Prada SpA owns the historic Milanese pastry shop Marchesi, Ralph Lauren Corp. has chichi bars and Kering SA’s Gucci has opened Osteria restaurants in Florence and Los Angeles with three-Michelin-starred chef Massimo Bottura.The investments were meant to cater to rich globetrotters, particularly from China. But while consumers around the world are prepared to travel domestically, or  to nearby countries, demand for luxury lodging catering to international clients and long-haul flights remains severely depressed. It’s not clear when the number of big-spending tourists snapping up Hermes scarves and Chanel handbags will bounce back. When it does, LVMH will be able to offer its affluent customers everything from breakfast in bed to the dress they wear to dinner. It could throw in a visit to one of it vineyards in France or a distillery in Scotland for a truly personalized experience.In the meantime, with sales of top-end goods set to fall by as much as 35% this year, luxury adviser Mario Ortelli says stronger brands may get opportunities to acquire assets that wouldn’t otherwise come onto the market. 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. Hospitality is more about creating an aura around their collections than making money.And if fewer Chinese are coming to Europe, there may be opportunities in exporting branded experiences to China. Luxury spending is recovering there as travelers stay home. While Burberry Group Plc hasn’t reopened its Thomas’s café in London yet, there’s one in its new Shenzhen store opened in partnership with Tencent Holdings Ltd. Gucci plans another restaurant in Tokyo, but there is no reason why its Osteria collaboration with Bottura couldn’t be expanded to other Asian cities.At home or abroad, health and wellness offers another area for experimentation. This could include beauty spas, but also wellness services in flagship stores, such as the vitamin infusions offered by London’s Harrods. 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. Running restaurants, hotels and health spas is very different to selling shoes and handbags. For hotels, it requires a distinctive aesthetic, not to mention pockets deep enough to ride out the current travel slump. Even before the pandemic, a bad stay, meal or skin peel risked alienating those who would buy clothing and jewelry. Now any brand offering services faces the additional peril of its premises becoming a source of infection.No wonder LVMH has appointed an experienced executive to lead its charge. Andrea Guerra, formerly of Eataly and Ray-Ban maker EssilorLuxottica SA, will soon take up the role of chief executive of  LVMH Hospitality Excellence. Partnerships with restaurants, hotel operators or high-end fitness chains are another option. For example, Marriott International Inc. operates the Bulgari hotels.Either way, expanding into new categories amid the worst luxury downturn in modern history is not for the fainthearted. But the biggest players take a long-term view. Offering extravagant experiences is one area where this approach could pay off. 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. She previously worked at the Financial Times.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

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