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Fashion

Luxottica merges with lens maker to become world's largest eyewear company

Luxottica, the Italian eyewear giant that makes glasses for brands including Chanel, Burberry and Armani, is merging with French company Essilor, the world's leading lens maker, creating a group worth 50 billion euros with 140,000 employees. The merging company will be listed on the Paris stock exchange, meaning Luxottica will be delisted from...

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Fashion |PROFILE Featured

Leonardo Del Vecchio framed his own success with Luxottica

From the small factory he founded in 1961 near Venice, Leonardo Del Vecchio created an eyeglasses empire, and at 81 is invading the corrective lenses market by merging his Luxottica firm with Essilor. The merger story is the latest chapter in Del Vecchio's rags-to-riches story. Born in 1935 in Milan, Del Vecchio was sent to an orphanage at a...

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