Luxottica

Italian eyewear company

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March 2022 EssilorLuxottica launched the OneSight EssilorLuxottica Foundation to consolidate and unify the group's philanthropic efforts, with a primary focus on providing vision services to underserved communities.
2019 LensCrafters founder E. Dean Butler publicly admitted to Luxottica's industry dominance, revealing massive price markups of nearly 1,000% in eyewear.
October 1 2018 EssilorLuxottica was officially established, creating a new holding company with a combined market capitalization of approximately $70 billion.
August 2018 Luxottica restored the Accademia Bridge in Venice, demonstrating their commitment to cultural preservation and urban infrastructure.
March 2018 The European Commission unconditionally approved the merger between Essilor and Luxottica.
2017 Luxottica held 41% of the prescription lens market share according to industry data.
January 2017 Luxottica announced its merger with Essilor, with Essilor set to buy Luxottica and Del Vecchio becoming executive chairman of the combined company.
2016 Luxottica lost its third chief executive in a year and a half when Adil Mehboob-Khan stepped down one year after gaining the position. Following this departure, Leonardo Del Vecchio reclaimed executive powers and became more actively involved in the company.
2015 Luxottica became the largest optical retailer in the United States, capturing 7.3% of US retail sales.
2014 Luxottica acquired Coastal/Clearly, an online contacts and glasses retail platform that ships to over 200 countries.
September 1 2014 Luxottica announced a new organizational structure with two co-CEOs, one focusing on market development and the other overseeing corporate functions. Enrico Cavatorta was appointed CEO of Corporate Function and Interim CEO of Market.
2012 60 Minutes segment focused on Luxottica's extensive industry holdings and potential price manipulation practices.

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