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Luxottica, an Italian eyewear maker, and Essilor, a French corrective eyewear manufacturer, announce a merger worth €50 billion. Luxottica, founded by Leonardo Del Vecchio in 1961, is headquartered in Milan, while Essilor has a rich history dating back to 1849. This merger brings together two prominent players in the eyewear industry and combines their expertise in frame design, lens technology, and distribution networks, creating opportunities for growth and innovation in the global eyewear market.
Sunday, 15 January, 2017