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Investors shouldn't ignore the risk related to the Italian election, says UBS. A political shock could trigger 10-15% downside for Italian equities relative to Europe, they warned.
Whatever happened to Luxottica and Essilor? Why did T-Mobile and Sprint’s latest merger attempt fail? We go over these stories, and many more from 2017.
Italian eyewear group Luxottica (LUX.MI) said on Friday Chief Executive Massimo Vian would leave the group, strengthening the powers of founder and Chairman Leonardo Del Vecchio ahead of a merger with France's Essilor (ESSI.PA). Ray-Ban maker Luxottica said Vian would step down three months before the expiry of his term. Vian's responsibilities will be handed over to both Del Vecchio and Deputy Chairman Francesco Milleri, a close aide of Del Vecchio, who would also take on the position of CEO.
Italian eyewear maker Luxottica (LUX.MI) and French lens manufacturer Essilor (ESSI.PA) are set to win unconditional EU antitrust approval for their 48 billion-euro ($57 billion) merger, two people familiar with the matter said on Thursday. Having had some initial concerns about the deal between Luxottica, the world's biggest eyeglass frame maker and Essilor, the biggest lens maker, the European Commission is scheduled to decide by March 8 on whether to clear it.
Italy's Luxottica and French glasses group Essilor are set to win unconditional EU antitrust approval for their 48-billion-euro ($56.8 billion), two people familiar with the matter said on Thursday. The deal between Luxottica, the world's biggest eyeglass frame maker, and Essilor, the world No. 1 lens maker, would create a company that would make products ranging from Ray-Bans to Giorgio Armani frames and have a major eyeglass retail outlet. The European Commission, which had some initial concerns about the mega deal, declined to comment.
Proposed combination between Essilor and Luxottica approved in Canada PDF Version of the news release Charenton-le-Pont, France and Milan, Italy ( November 28, 2017 - 8:00 a.m. ) - Essilor (Euronext Paris: ...
A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** 5-star ranked Morgan Stanley analyst raises Luxottica to "overweight", as the broker has growing confidence ...