The French-Italian merger between the world leading lens maker Essilor (EI) and the luxury sunglasses and frames company Luxottica (LUX) is waiting for the competition authorities to make their decisions about the planned merger which was published in January 2017.
This around 50 billion euros merger will be one of the leading companies in the lens, frames & sunglasses industry globally if it gets the approvals. Luxottica is also the owner of the brands Ray-Ban and Oakley. The combined revenue would be over 15 billion euros.
The Paris based company Essilor is one of the leading sustainable water usage companies with its own water usage program Reboost Water. According to the company, they have been able to minimize the water usage in the mass production sites by 40 % since 2007. This means 4 years of water usage saved, says Essilor.