EssilorLuxottica

What does EssilorLuxottica own?
EssilorLuxottica owns a portfolio of eyewear brands including Ray-Ban, Oakley, Persol, Oliver Peoples, Costa, Alain Mikli, Foster Grant, and Arnette, along with the Supreme streetwear brand acquired in 2024. The company also owns optical lens brands including Varilux, Crizal, Transitions, and Stellest, and operates retail chains including LensCrafters, Sunglass Hut, Pearle Vision, Target Optical, and OPSM. Additionally, it produces eyewear under license for luxury fashion houses including Chanel, Prada, Tiffany and Co., and Burberry.

Is EssilorLuxottica publicly traded?
Yes, EssilorLuxottica is publicly traded on Euronext Paris and Borsa Italiana under ticker symbol EL. The company has been publicly traded since its formation on October 1, 2018, through the merger of Essilor and Luxottica. Its largest shareholder is Delfin Sarl, the Del Vecchio family holding company, with approximately 32% of shares.

Who founded EssilorLuxottica?
EssilorLuxottica was formed in 2018 through the merger of French company Essilor, whose roots date to 1849 as a Parisian optical workshop, and Italian company Luxottica, founded in 1961 by Leonardo Del Vecchio in Agordo, Italy. The merger was led by Del Vecchio and then-Essilor CEO Hubert Sagnieres, creating the world's largest eyewear company with a combined market capitalization of approximately $70 billion.

Where is EssilorLuxottica headquartered?
EssilorLuxottica is dual-headquartered in Paris, France and Milan, Italy. The Paris office reflects the Essilor legacy, while the Milan office reflects the Luxottica heritage. The company is registered in Charenton-le-Pont, France.

How many brands does EssilorLuxottica own?
EssilorLuxottica owns more than 10 proprietary eyewear brands, produces eyewear under license for more than 20 luxury fashion houses, owns several optical lens brands, and operates more than 18,000 retail stores under multiple banners globally. The company also owns the Supreme streetwear brand.

Who owns EssilorLuxottica?
EssilorLuxottica is publicly owned with no single controlling shareholder. Delfin Sarl, the Del Vecchio family holding company, is the largest shareholder with approximately 32% of the capital. The remainder is held by institutional investors, mutual funds, and retail investors globally. No other individual or entity holds a controlling stake.

What is EssilorLuxottica's revenue?
EssilorLuxottica reported FY2025 revenue of EUR 28,491 million, up 7.5% year-over-year at current exchange rates and 11.2% at constant exchange rates. Adjusted operating profit was EUR 4,459 million with an adjusted operating margin of 16.0% at constant exchange rates. In H1 2026, revenue grew 9.7% at constant exchange rates with adjusted operating profit up 15%.

What are Ray-Ban Meta smart glasses?
Ray-Ban Meta are AI-powered smart glasses developed through a partnership between EssilorLuxottica and Meta Platforms, launched in September 2023. The glasses combine Ray-Ban's iconic design with Meta's AI technology, enabling features such as photo and video capture, voice commands, music streaming, and AI assistant capabilities. In FY2025, EssilorLuxottica sold more than 7 million AI glasses units, including Ray-Ban Meta and the Oakley Meta variant launched in June 2025.

The origins of EssilorLuxottica trace back to two separate companies with distinct histories. Luxottica was founded in 1961 by Leonardo Del Vecchio in Agordo, Italy, a small town in the Belluno province that was home to much of the Italian eyewear industry. Del Vecchio, who began his career as an apprentice tool and diemaker in Milan, turned his metalworking skills to making spectacle parts. In 1967, he began selling complete eyeglass frames under the Luxottica brand, and by 1971, he ended the contract manufacturing business to focus entirely on his own products. The company pursued vertical integration aggressively, acquiring distribution companies and signing its first designer licensing agreement with Giorgio Armani in 1988. Luxottica listed on the New York Stock Exchange in 1990 and on the Borsa Italiana in 2000. Key acquisitions included Bausch and Lomb's eyewear division in 1999, which brought Ray-Ban and Sunglass Hut into the portfolio, and Oakley in 2007.

Essilor's roots date to 1849 when a small workshop of Parisian opticians formed what would eventually become Essilor International. The company pioneered progressive lens technology, launching Varilux in 1959, which became the world's first progressive addition lens. Over decades, Essilor grew through acquisitions of lens manufacturers worldwide and became the global leader in ophthalmic optics.

In January 2017, Essilor and Luxottica announced an all-share merger valued at approximately EUR 46 billion, creating a combined entity with annual revenue of more than EUR 15 billion at the time. The deal was structured so that Essilor would acquire Luxottica, while Del Vecchio's holding company Delfin would become the largest shareholder of the combined group with approximately 38.9% of the capital. After receiving antitrust clearance from the United States, European Union, Brazil, Canada, and China, EssilorLuxottica was officially created on October 1, 2018, with a combined market capitalization of approximately $70 billion.

The first few years post-merger were marred by a leadership battle between Del Vecchio and Essilor CEO Hubert Sagnieres, with disputes over control and strategy that cost the company up to EUR 600 million in potential merger savings. The conflict was resolved in 2021 when Del Vecchio, with shareholder backing, appointed Francesco Milleri as CEO and Paul du Saillant as Deputy CEO. Sagnieres departed, and Del Vecchio regained full voting rights.

Leonardo Del Vecchio passed away on June 27, 2022, at age 87. His holding company Delfin remains the largest shareholder. Under Milleri's leadership, the company has accelerated its transformation into what management calls a "medtech" company, with growing investments in AI-powered wearables, myopia management, and intelligent optical systems.

In 2024, EssilorLuxottica acquired Supreme from VF Corporation for approximately $1.5 billion, marking the company's expansion beyond eyewear into streetwear. The company also launched Ray-Ban Meta smart glasses in partnership with Meta Platforms in September 2023, followed by Oakley Meta in June 2025. By FY2025, AI glasses sales exceeded 7 million units. In 2026, the company announced a strategic partnership with Applied Materials to develop next-generation intelligent optical systems.

EssilorLuxottica has established comprehensive sustainability programs focused on environmental responsibility, vision care accessibility, and ethical supply chain management. The company publishes an annual Sustainability Report with independently assured performance data.

The company has committed to achieving carbon neutrality for its direct operations (Scope 1 and 2) and has set science-based targets for emissions reduction across its value chain. Environmental initiatives include sustainable manufacturing processes, renewable energy adoption at production facilities, circular economy principles in eyewear design, and programs to reduce waste and water consumption across operations.

Vision care accessibility is a core component of the company's social responsibility strategy. Through the OneSight foundation and various partnerships, EssilorLuxottica provides free vision screenings, affordable eyewear, and eye care access programs in underserved communities globally. The company has committed to eliminating poor vision for 5 billion people by 2050 through its Vision Impact Fund and charitable programs.

Supply chain ethics programs address responsible sourcing of raw materials, labor conditions in manufacturing facilities, and compliance with international labor standards. The company maintains supplier codes of conduct and conducts regular audits of its global supply chain.

EssilorLuxottica has received recognition for innovation, sustainability, and corporate leadership in the global eyewear and optical industries.

• Fortune Most Admired Companies: Consistently included in Fortune's World's Most Admired Companies ranking in the consumer goods category
• Dow Jones Sustainability Index: Regular constituent of the DJSI, assessed by S&P Global for ESG performance
• Clarivate Top 100 Global Innovators: Recognized for patent filing activity and innovation in optical technology
• EcoVadis Sustainability Rating: Recognized for environmental and social performance across global operations
• Vision Care Leadership: Industry recognition for myopia management innovation and vision care accessibility programs

EssilorLuxottica's dominant market position in the global eyewear industry has attracted significant regulatory and legal scrutiny over the years.

In September 2025, U.S. District Judge Mary Kay Vyskocil of the Southern District of New York dismissed two antitrust class actions alleging EssilorLuxottica maintained an unlawful monopoly in the premium eyewear market. The court found that the plaintiffs' market definition was implausible, noting it "defies common sense" by including EssilorLuxottica's sport eyewear while excluding similarly priced competitors' products. The plaintiffs were given leave to replead by October 17, 2025.

In January 2026, Turkey's Competition Authority opened a formal investigation into EssilorLuxottica over suspicions that the company created de facto exclusivity through various practices in the wholesale markets for ophthalmic lenses, contact lenses, and ophthalmic machine equipment and consumables, potentially violating Turkish competition law.

In 2025, retail customers filed proposed class-action lawsuits against EssilorLuxottica alongside FedEx seeking tariff-related refunds, following a U.S. Supreme Court ruling that invalidated certain tariffs imposed without congressional authorization. The lawsuits seek to ensure consumers receive a share of any refunds the companies obtain.

The company has also faced scrutiny over its vertical integration model, with critics arguing that owning both the manufacturing and retail sides of the eyewear business creates conflicts of interest and limits consumer choice. EssilorLuxottica maintains that its integrated model delivers superior value, innovation, and quality to consumers.