Wantstats
Food & Beverages

EssilorLuxottica

Company Profile Analysis

Book DemoSubscribe Now
ESOMAR 23 Corporate BadgeISO Certifications Badge
EssilorLuxottica - Food & Beverages showcase

Year Founded & Workforce

2017-12-31

180,000 Employees

Industry

Food & Beverages

Services

E

EssilorLuxottica Overview

Company Headquarters: Charenton-le-Pont, France

Founded: 2018

Workforce: ~ 1,80,000

Company Working: EssilorLuxottica the group develops, designs, and manufactures ophthalmic lenses, frames, and sunglasses. In 2018, Essilor International SA (France) and Luxottica (Italy) have been merged together and have been named EssilorLuxottica in the eyewear industry. The company has two complementary competence that is one is advanced lens technologies, and the other one is distinctive eyewear. The company has 70 manufacturing plants for frames, and 85 manufacturing plants for the lens. In 2021, the company GrandVision officially became part of EssilorLuxottica. Grand Vision is an optical retailer with more than 7,200 stores, in more than 40 countries and has an omnichannel platform that provides services for eyecare along with eyeglasses, sunglasses, contact lenses, and eyecare products. The brand portfolio that the company owns is Alain Mikli, Armani Exchange, Arnette, Barberini, Bolon Eyewear, Burberry, BVLGARI, Chanel, COACH, Costa Del Mar, Dolce & Gabbana, Emporio Armani, Foster Grant, Michael Kors, Molsion Eyewear, Oakley, Oliver Peoples, Persol, Polo Ralph Lauren, PRADA, Ray-Ban, Tiffany & Co., Tory Burch, Versace, and Vogue Eyewear.

Strategy

EssilorLuxottica is focused on creating advanced technology for vision solutions aimed at correction, protection, and prevention. The company has been focused on its marketing and campaigns which contributes to brand awareness like the new campaign that has been launched by Oakley “Be Who You Are” and has featured sports superstar like Oksana Masters, Patrick Mahomes, Francisco Lindor, Pauline Ferrand-Prevot and Nigel Sylvester.

Company Snapshot

$19,473.68M

Revenue

180,000

Employees

2017-12-31

Founded

Charenton-le-Pont, France

Headquarters

SWOT Analysis

Strengths

  • One of the world's largest manufacturers of ophthalmic lenses, frames, and sunglasses, dominating the market on every continent.
  • Strong brand reputation and presence across the world.

Weaknesses

  • High Operational Cost.
  • EssilorLuxottica's credit metrics are currently weak for the rating because of the business disruption caused by the coronavirus pandemic and the debt raised for the acquisition of GrandVision

Opportunities

  • More focus can be given to Asia-Pacific and Latin America regions by expanding its market by adding up new distribution channels digitally.

Threats

  • Government regulations and industry stagnation .
  • Competitive industry with a focus on technology.

Key Developments

DateApproachDevelopment
September 2022Product LaunchCosta brand of EssilorLuxottica launched Jose PRO, as an honor to waterman Jose Wejebe. The model is based on the Jose frame launched in 2010 and has new features that help in reducing fogging managing sweat, and perfect fit without loosening even in rough conditions during surfing.
July 2021Merger & AcquisitionEssilorLuxottica announced that it had completed the acquisition of a 76.72% ownership interest in GrandVision from HAL Optical Investments. GrandVision today not only complements the Company’s retail network, it also accelerates its mission of helping people See more, Be more. Engaging more effectively with consumers will result in more regular eye exams, up-to-date prescriptions, and increased availability of vision care products to meet their vision and style needs.

Product Offering

  • EssilorLuxottica
    • Global Sunglasses Market
  • Catfish
  • The Professional
  • Agent Z
  • Poll-ock
  • Quick Draw
  • Daken
  • Hot Shot
  • Goemon
  • Uka-Uka
  • Deep Ellum
  • Drophead
  • Gringo
  • Adios Baby
  • Gullwing
  • Heist 3.0
  • Zoro
  • Type Z
  • Clayface
  • Plaka
  • Woland
  • Trigon
  • Sling
  • Fry
  • Nosy
  • Fastball
  • Momos
  • Gto
  • Sidecar
  • El Carmen
  • Dude

Financial Performance

A plan for every need

Forecast+

Get unlimited access to forecasts, charts, and company data across every research report on Wantstats.

USD200/mo

About the Author

Wantstats Research Team

Wantstats' research desk profiles EssilorLuxottica as part of our ongoing coverage of the Food & Beverages sector, drawing on public company data, filings, and market intelligence.

Powering the world's best teams.
From next-gen startups to established enterprises.

Google logo
Amazon logo
Microsoft logo
Intel logo
Neste logo
McKinsey & Company logo
Deloitte logo
Accenture logo
Oracle logo
PWC logo
EY logo
Honeywell logo

See our work in action

Start your data driven journey with us!

Book a Demo Now

What our clients say

Trusted by forward-thinking businesses
for data-driven intelligence

Noah Malgeri
Noah Malgeri

Co-Founder, Mojave Rail Fabrication Limited

This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert

Manager, JavolVision

Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Joseph Aguayo

Sales Operations & Pricing Manager, Intel

Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau

Sales Leader, Bamberg

We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Peter Groot Koerkamp

Account and Business Manager, EFS-Holland BV

Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Younghwan Choi

Senior Retail Manager, LG Chem

We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin

Management Consultant, Level 21

I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker

Group Product Manager HVAC & Fire Protection GMA, Rockwool

I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee

R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Noah Malgeri
Noah Malgeri

Co-Founder, Mojave Rail Fabrication Limited

This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert

Manager, JavolVision

Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Joseph Aguayo

Sales Operations & Pricing Manager, Intel

Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau

Sales Leader, Bamberg

We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Peter Groot Koerkamp

Account and Business Manager, EFS-Holland BV

Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Younghwan Choi

Senior Retail Manager, LG Chem

We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin

Management Consultant, Level 21

I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker

Group Product Manager HVAC & Fire Protection GMA, Rockwool

I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee

R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.

EssilorLuxottica

Starting from
$4,950