
Essilor’s CEO Hubert Sagnières has decided to step down from his executive duties within the EssilorLuxottica group and its subsidiaries and will remain as non-executive vice president.
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Essilor’s CEO Hubert Sagnières has decided to step down from his executive duties within the EssilorLuxottica group and its subsidiaries and will remain as non-executive vice president.
The eyewear giant closed the last four-year period with record aggregate sales of €36 billion and an adjusted net margin of over 10%. 2018 revenue was €9 billion, profits just over €900 million.
On Monday, the Italian world eyewear leader, which is due to merge with French group Essilor, reported a 3.5% decrease in its third-quarter revenue, down to €2.147 billion.
A strong dollar and hot weather in Europe helped Luxottica, the world's biggest eyewear group, achieve a 25 percent rise in net income for the second quarter, it said on Monday.
The founder of Italian eyewear giant Luxottica is celebrating his 80th birthday by giving the firm's 8,000 employees in Italy shares worth around nine million euros ($10 million/£6.5 million).
Italian group Luxottica, the world leader in premium eyewear and sunglasses, said Monday that its net profit had grown by 18% in 2014 to 642.6 million euros and that it is optimistic about 2015.
President and founder of Italian eyewear brand Luxottica, Leonardo del Vecchio, has submitted Adil Mehboob-Khan as a candidate for co-CEO.
Italy's Luxottica SpA said its co-chief executive planned to resign after just six weeks in the job, as the global eyewear company struggles to stabilize its management team after the abrupt departure of longtime boss...