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EssilorLuxottica to launch first wearable production in Italy
EssilorLuxottica has announced the pilot introduction of its first production lines for wearable devices in Italy. Beginning in the second half of the year, the initiative will particularly involve the historic Agordo plant, where an entire production area will be fully converted and operational for the new industrial activities by early 2027....
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EssilorLuxottica acquires stake in Thailand's Top Charoen
Eyewear giant EssilorLuxottica has made an overseas acquisition. The company has acquired a “significant” stake in Top Charoen, making it a partner. The transaction, for which financial details were not disclosed, consolidates the long-standing collaboration between the two companies. “The partnership with Top Charoen strengthens our presence in...
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Luxury margins, mass-market volumes: Why eyewear is the new retail
No longer a medical niche, eyewear is establishing itself as a fully-fledged pillar of retail. The sector is at a tipping point, with margins that rival luxury, volumes comparable to the mass market and a growing appeal for tech giants. The global eyewear market is valued at approximately 200.5 billion dollars in 2024. It is projected to reach...
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