Luxottica, which makes prescription eyeglasses and sunglasses under a variety of brands, and Essilor, a maker of lenses, are the two largest companies in the sector,More than half of revenue at the combined company would come from the United States, while Europe would account for about 22 percent and 18 percent would come from Africa, cheap cheap ray bans Asia and the Middle East. with Luxottica having a 14 percent market share and Essilor a 13 percent share, according to the market research firm Euromonitor International. Johnson & Johnson is the next largest, with a 3.9 percent share.
Under the terms of the deal, Delfin, the family holding company of the Luxottica founder and executive chairman, Leonardo Del Vecchio, would exchange its 62 percent stake in Luxottica for shares in Essilor,ray ban sunglasses outlet becoming the combined company’s largest shareholder.The company’s 16-member board would consist of eight directors nominated by Essilor and eight nominated by Delfin.
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