Representative image Eyewear giant EssilorLuxottica has asked a U.S. judge to throw out what it called “misguided” consumer lawsuits accusing the Ray-Ban maker of monopolizing markets for designer frames and prescription lenses, causing customers to pay higher prices. In a court filing, EssilorLuxottica on Wednesday told U.S. District Judge Mary Kay Vyskocil in Manhattan that…
EssilorLuxottica EssilorLuxottica has agreed to buy streetwear brand Supreme from VF Corporation for $1.5 billion, both companies said on Wednesday, marking the first acquisition of an apparel company for the French-Italian eyewear maker. In a separate statement, EssilorLuxottica said it had agreed to buy an 80% stake in family-owned Heidelberg Engineering, a German company specialising…
Representative image Luxury eyewear maker EssilorLuxottica on Thursday reported third-quarter revenue of 6.3 billion euros ($6.68 billion) with Asia-Pacific sales growth of 11.75% bolstered by China. The third quarter was a “slight deceleration” compared to the first-half due to a weaker sun (glasses) retail business in the EMEA region and North America, the Ray-Ban owner…
