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EssilorLuxottica issues 3 bln euros bond
EssilorLuxottica Q1 Revenue Down 10.1% Y/Y
Grandvision Plans No 2019 Dividend Distribution Proposal
EssilorLuxottica SA, formerly known as Essilor International Compagnie Generale D Optique SA, is a France-based ophthalmic company. The Company designs, manufactures and markets a range of lenses, frames and sunglasses to improve and protect eyesight. It also develops and markets equipment for prescription laboratories and instruments, and services for eye care professionals. It operates through three segments: Lenses and Optical Instruments, which includes corrective lenses, optical instruments intended for opticians and optometrists; Equipment, which includes machines and consumables used by plants and prescription laboratories, and Sunglasses & Readers, which encompasses non-prescription reading glasses and non-prescription sunglasses. The Company operates under a number of brands, including Ray-Ban, Oakley and Varilux, among others. The Company operates in Europe, North America, Asia Pacific, the Middle East, Africa and Latin America.
Medical Equipment & Supplies
147 rue de Paris
Leonardo Del Vecchio
Executive Chairman of the Board
Executive Vice Chairman of the Board
Co-Chief Financial Officer
Co-Chief Financial Officer
Paul du Saillant
Chief Executive Officer of Essilor, Non-independent director
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EU antitrust regulators have set a new deadline of Aug. 13 for their decision on Ray-Ban maker EssilorLuxottica's <ESLX.PA> 7.2-billion-euro ($7.8 billion) bid for Dutch opticians group GrandVision <GVNV.AS>, a European Commission filing shows.
Oakley and Ray-Ban maker EssilorLuxottica reported a slump in first-quarter sales on Tuesday and warned of an even bigger hit in the current quarter as the coronavirus outbreak prompted store closures.
* GOOD RESISTANCE FOR THE FIRST QUARTER WITH REVENUE DOWN 10%, TAKING MEASURES TO CONTROL COSTS AND PRESERVE CASH & PREPARING FOR RECOVERY AND DELIVERING ON OUR RESPONSIBILITIES TO ALL
* EssilorLuxottica dropped its outlook last month (Adds details on dividends and pay cuts, background)
EssilorLuxottica, the spectacles company whose brands include Oakley and Ray-Ban, said on Monday that it would scrap its dividend and would look to cut costs, in order to cope with the hit to its business from the coronavirus.
Ray-Ban maker EssilorLuxottica is suspending its dividend due to the coronavirus pandemic and said on Monday it was delaying its annual shareholder meeting by a month.
* ESSILORLUXOTTICA: LAURENT VACHEROT RETIRES & PAUL DU SAILLANT TO STEP IN AT ESSILORLUXOTTICA
Ray-Ban maker EssilorLuxottica on Monday said it was suspending its dividend payment due to the coronavirus outbreak and pushed back its annual shareholders' meeting by a month.
* ESSILORLUXOTTICA SA - IN CONTEXT OF COVID-19 PANDEMIC, AND WITH LIKELIHOOD OF PROLONGED UNCERTAINTY, ESSILORLUXOTTICA HAS DECIDED TODAY TO STOP IMPLEMENTATION OF ITS SHARE BUYBACK PROGRAM ANNOUNCED ON MARCH 17 Source text for Eikon: Further company coverage: (Gdansk Newsroom...
Ray-Ban maker EssilorLuxottica scrapped its financial guidance on Friday and warned of a hit to second-quarter profit due to the coronavirus crisis, adding it was putting some investments on hold as it halts production at selected sites.
Spectacles company EssilorLuxottica abandoned its previous financial guidance on Friday, as the maker of Ray-Ban sunglasses takes a hit to its business from the coronavirus crisis, but added that it could not yet assess the fallout.
* ESSILORLUXOTTICA EXECUTIVE VICE-CHAIRMAN SAYS THE COMPANY HAS A STRONG CASH POSITION, AND POSSIBILITY OF DRAWING DOWN ON A FURTHER 4 BILLION EUROS IF NEEDED
EU antitrust regulators have set a new deadline of July 24 to decide whether to clear Ray-Ban maker EssilorLuxottica's <ESLX.PA> 7.2-billion-euro ($7.8 billion) bid for Dutch opticians group GrandVision <GVNV.AS>.
EU antitrust regulators are focusing on the impact of Ray-Ban maker EssilorLuxottica's <ESLX.PA> 7.2 billion euro ($7.7 billion) bid for Dutch opticians group GrandVision <GVNV.AS> in Italy and Britain, according to an EU document seen by Reuters.
* GRANDVISION MARKET UPDATE RELATING TO COVID-19 OUTBREAK AND POSTPONEMENT OF AGM
EssilorLuxottica <ESLX.PA>, the maker of Ray Ban sunglasses, on Tuesday announced a plan to buy back up to 3 million shares, adding it was confident in its long-term outlook.
* ANNOUNCES LAUNCH OF A SHARE BUYBACK PROGRAM REFLECTING GROUP'S CONFIDENCE IN ITS VALUE CREATION AND LONG-TERM PROSPECTS.
EssilorLuxottica expects continued profit growth this year after stronger 2019 results, saying on Friday the outbreak of coronavirus had not hit output at its Italian factories and its production in China was getting back to normal.
* FULL YEAR 2019 RESULTS / UPLIFT IN SALES AND NET PROFIT GROWTH / STRONG FOUNDATION TO ACCELERATE SYNERGY DELIVERY
EssilorLuxottica on Friday said it was targeting an increase in sales and profits this year after it posted higher fourth-quarter results on the back of a strong demand in Europe, Asia and North America.
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