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Luxottica
Luxottica Group S.p.A. is an Italian glasses, eyewear multinational corporation headquartered in Milan. As a vertically integrated company, Luxottica designs, manufactures, distributes, and retails its eyewear brands through its own subsidiaries. It is the largest eyewear company in the world. It is, since October 2018, a subsidiary of EssilorLuxottica, which arose out of a merger between the Italian company and the French ophthalmic optics corporation Essilor. Luxottica was founded in Agordo by Leonardo Del Vecchio in 1961 as a sunglasses manufacturer selling and branding under its own name. Del Vecchio quickly acquired numerous businesses in the pursuit of vertical integration, buying distribution companies rapidly and signing its first designer licensing agreement with Giorgio Armani. In 1990, the company listed American depositary receipts on the New York Stock Exchange where it traded until 2017. Luxottica retails its products through stores that it owns, predominantly Lens ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
EssilorLuxottica
EssilorLuxottica SA is a Franco-Italian Vertical integration, vertically integrated multinational corporation, multinational holding company registered in Charenton-Le-Pont and headquartered in nearby Paris. It designs, produces and markets ophthalmology, ophthalmic corrective lens, lenses, optics, equipment and optical instrument, instruments, Eyeglass prescription, prescription glasses and sunglasses. It was founded on 1 October 2018 and its name is an amalgamation of the two major corporations which merged to create it; the French Essilor and the Italian Luxottica. The two companies have, since the merger, been restructured as subsidiaries of the new entity. Under the terms of the merger agreement, Essilor would purchase Luxottica, but Luxottica's leadership would be guaranteed prominent positions in the newly-formed corporation as well as some seats on its board of directors; Luxottica founder, Leonardo Del Vecchio, was notably designated chair (officer), chairman. The first ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eyewear
Eyewear is a term used to refer to all devices worn over both of a person's eyes, or occasionally a single eye, for one or more of a variety of purposes. Though historically used for vision improvement and correction, eyewear has also evolved into eye protection, for fashion and aesthetic purposes, and starting in the late 20th century, computers and virtual reality. The primary intention of wearing eyewear can vary based on the need or desire of the wearer. Eyewear comes in different forms such as Glasses, Contact lenses, Sunglasses and many more. . Eyewear (such as glasses and contact lenses) helps most people see clearer or read. Eyewear also can be used for protection, such as sunglasses which protect wearers from the Sun's ultraviolet rays which are damaging to the eyes when unprotected, eyepatches to protect injured eyes from further damage, or goggles which protect the wearer's eyes from debris, water and other chemicals. Variants of eyewear can conversely inhibit or disable ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Essilor
Essilor International is a French multinational corporation specialized in the design, manufacture and sale of ophthalmic lenses, optical equipment and instruments. It is the world's largest manufacturer of ophthalmic lenses. Founded in 1972 out of the merger of two French companies operating in the sector, ''Essel'' and ''Silor'', it is headquartered in Charenton-le-Pont, near Paris. Since October 2018, it is a subsidiary of EssilorLuxottica which arose out of a merger between Essilor and the Italian eyewear corporation Luxottica. In January 2017, Essilor announced a merger with Luxottica, in which Essilor would acquire the latter while Luxottica executive chairman Leonardo Del Vecchio would become co-executive chairman of the newly formed holding company, EssilorLuxottica. On 1 October 2018, the new entity was born, resulting in a combined market capitalization of approximately €57 billion. History 1849–1972: Essel and Silor ''Essel'' (Société des Lunetteries ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Francesco Milleri
Francesco Milleri (born in 1959) is an Italian businessman who has been the CEO of EssilorLuxottica since June 2022. He is also the father of Italian-American DJ and record producer Matteo Milleri. Early life Francesco Milleri was born in 1959. He graduated from the University of Florence with a bachelor of laws, and earned a master in business administration from Bocconi University. He was also awarded a two-year Donato Menichella scholarship from the Bank of Italy at the New York University Stern School of Business The Leonard N. Stern School of Business (also NYU Stern, Stern School of Business, or simply Stern) is the business school of New York University, a private research university based in New York City. Founded as the School of Commerce, Accounts .... Career Milleri worked as a business consultant. In 1996 he founded Abstract, a strategic digital consultancy company. Following the 2006 acquisition of iDoq, a company specializing in document flow automation and o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Leonardo Del Vecchio
Leonardo Del Vecchio (22 May 1935 – 27 June 2022) was an Italian billionaire businessman, the founder and chairman of Luxottica, the world's largest producer and retailer of glasses and frames, with 77,734 employees and over 8,000 stores. At the time of his death, his net worth was estimated at US$24.1 billion, the second richest person in Italy, and 54th in the world. Life and career Leonardo Del Vecchio was born on 22 May 1935 in Milan, Italy to an impoverished family from Barletta, Southern Italy. His father was a street vendor of vegetables who died before his birth and his mother already had four other children; he grew up in an orphanage. He began his career as an apprentice to a tool and die maker in Milan, but decided to turn his metalworking skills to make spectacle parts. In 1961, he moved to Agordo in the province of Belluno, which is home to most of the Italian eyewear industry. The new company was Luxottica s.a.s., a limited partnership. In 1967, he started sel ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ray-Ban
Ray-Ban is a brand of luxury sunglasses and eyeglasses created in 1936 by Bausch & Lomb. The brand is best known for its Wayfarer and Aviator lines of sunglasses. In 1999, Bausch & Lomb sold the brand to Italian eyewear conglomerate Luxottica Group for a reported $640 million. History In 1929, US Army Air Corps Colonel John A. Macready worked with Bausch & Lomb, a Rochester, New York–based medical equipment manufacturer, to create aviation sunglasses that would reduce the distraction for pilots caused by the intense blue and white hues of the sky. Specifically, Macready was concerned that pilots' goggles would fog up, greatly reducing visibility at high altitude. The prototype, created in 1936 and known as "Anti-Glare", had plastic frames and green lenses that could cut out the glare without obscuring vision. The name "Ray-Ban" was hence derived from the ability of these glasses to limit the ingress of either ultra-violet or infra-red rays of light. Impact-resistant lens ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
OPSM
OPSM (Optical Prescription Spectacle Makers) is a retailer of eye glasses in Australia and New Zealand, with locations in Hong Kong, Singapore, and Malaysia. It is owned by Luxottica, EssilorLuxottica, a French-Italian eyewear conglomerate. OPSM's CEO since October 2020 is Matteo Accornero. History OPSM was founded in Sydney in 1932, and was floated on the Australian Securities Exchange in 1962. In May 2001, OPSM sold its Protector Safety Supply Group to Howard Smith Limited, Howard Smith. Luxottica acquired a controlling interest in 2003 and in February 2005, OPSM was delisted from the Australian Securities Exchange. In 2010, OPSM opened the Eye Hub concept store in the Melbourne suburb of Hawthorn, Victoria, Hawthorn, blending optometry and ophthalmology into one practice. As to 2018, it operated 330 stores and 41 franchises. Laubman & Pank Laubman & Pank became at one stage the largest eye care business in Australia. It began operations in 1908 with two optometrists decidin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sunglass Hut
Sunglass Hut is an international retailer of sunglasses and sunglass Fashion accessory, accessories founded in Miami, Florida, United States, in 1971. Sunglass Hut is part of the Italian-based Luxottica Group, the world’s largest eyewear company. As of December 31, 2008, the Luxottica Group operated 2,286 stores around the world, most of those as part of the Sunglass Hut brand. By 2024 there were over 3,000 retail outlets under this brand name. Sunglass Hut stores are located in India, the United States, Mexico, Canada, the Caribbean, Brazil, continental Europe, the United Kingdom, Australia, New Zealand, Hong Kong, Singapore, South Africa and the Middle East. History The first Sunglass Hut store opened in 1971 when optometrist Sanford L. Ziff set up in a freestanding kiosk in Miami's Dadeland Mall. The success of this kiosk prompted Ziff to open other Sunglass Hut locations in Miami, and by 1986, Ziff had opened approximately 100 Sunglass Hut outlets, achieving sales of $24 m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pearle Vision
Pearle Vision is an American chain of eye care stores. It is one of the largest franchised optical retailers in North America. The company was acquired by Luxottica (which has since merged with Essilor to form EssilorLuxottica), an Italian eyewear company, in 2004. As of December 31, 2018, Pearle Vision operated 110 corporate stores and had 419 franchises throughout North America. History It was founded in 1961 by Stanley Pearle, an optometrist in Savannah, Georgia, United States. In 1971, Pearle purchased a 17-store optical chain owned by Robert Hillman and Larry Kohan; together, Hillman and Kohan stayed on and helped to expand Pearle Vision nationwide. By the 1970s the chain was owned by G. D. Searle Pharmaceutical, with founder Stanley Pearle serving as a board member. Stanley Pearle sold his stores to British conglomerate Grand Metropolitan in 1985. Grand Met expanded Pearle Vision to more than 1,000 locations worldwide by 1990, but profits became elusive. In 1996, Gr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Target Optical
Target Optical is an optical company in United States. It operates optical stores inside Target stores in United States. History Target Optical was founded by the Cole National Corporation in 1995 in Cleveland, Ohio. In 2004, the Cole National Corporation was acquired by the Italian Luxottica S.p.A. along with other Cole National Corporation holdings such as Pearle Vision. Luxottica folded Cole's operations into its North American Retail Group and the Cole structure was dissolved. Target Optical headquarters is located in the North American Retail Groups headquarters in Mason, Ohio. References External linksOfficial website Luxottica Optical Optics is the branch of physics that studies the behaviour and properties of light, including its interactions with matter and the construction of instruments that use or detect it. Optics usually describes the behaviour of visible, ultravio ... Eyewear retailers of the United States American companies established in 1995 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Persol
Persol is an Italian luxury eyewear brand specializing in the manufacturing of sunglasses and optical frames. It is one of the oldest eyewear companies in the world and is owned by the Luxottica group. The name is derived from the Italian ''per il sole'', meaning "for the sun". Formed in 1917 by Giuseppe Ratti, Persol originally catered to pilots and sports drivers. Currently, the company markets durable sports sunglasses. The company trademark is a silver arrow. History In 1917 Giuseppe Ratti, owner of Berry optical, started producing his first glasses and lenses for athletes and aviators. The company developed a flexible stem, known as the patented Meflecto system, which was one of the first spring hinges for eyewear. Persol was introduced to the United States in 1962 and opened its first boutique on Rodeo Drive in Beverly Hills in 1991. Technology Currently all plastic Persol spectacles are made in Italy using cellulose acetate In biochemistry, cellulose acetate refer ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vertically Integrated
In microeconomics, management and international political economy, vertical integration, also referred to as vertical consolidation, is an arrangement in which the supply chain of a company is integrated and owned by that company. Usually each member of the supply chain produces a different product or (market-specific) service, and the products combine to satisfy a common need. It contrasts with horizontal integration, wherein a company produces several items that are related to one another. Vertical integration has also described management styles that bring large portions of the supply chain not only under a common ownership but also into one corporation (as in the 1920s when the Ford River Rouge complex began making much of its own steel rather than buying it from suppliers). Vertical integration can be desirable because it secures supplies needed by the firm to produce its product and the market needed to sell the product, but it can become undesirable when a firm's acti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
