EssilorLuxottica

{{Infobox company

| name = EssilorLuxottica S.A.

| traded_as = {{Unbulleted list|{{EuronextParis|EL|FR0000121667|XPAR}}|CAC 40 component|Euro Stoxx 50 component}} | Borsa Italiana Euronext Milan

| ISIN = {{ISIN|sl=n|pl=y|FR0000121667}}

| logo = File:Logo EssilorLuxottica.svg

| type = Public

| industry = {{Unbulleted list|Eyewear| Eye care}}

| fate =

| predecessors = {{Unbulleted list|Essilor|Luxottica}}

| founded = {{Start date and age|2018|10|1|df=y}}

| hq_location_city = 1-6 rue Paul Cézanne, 75008 Paris, France and Milan, Italy

| area_served =

| key_people = Francesco Milleri (Chairman and CEO)

| revenue = {{increase}} {{€|25.39 billion|link=yes}} (2023){{Cite web|date=8 March 2024|title=Universal Registration Document 2023|url=https://www.essilorluxottica.com/en/cap/content/101696/|publisher=EssilorLuxottica|access-date=18 July 2024}}

| operating_income = {{increase}} €3.176 billion (2023)

| net_income = {{increase}} €2.426 billion (2023)

| assets = {{decrease}} €60.52 billion (2023)

| equity = {{increase}} €38.89 billion (2023)

| products = Ophthalmic lenses, optical equipment, prescription glasses and sunglasses

| brands = {{Hlist| Crizal| LensCrafters| Oakley| Oliver Peoples| Persol| Ray-Ban| Sunglass Hut| Supreme| Transitions Optical| Varilux}}

| subsid = {{Unbulleted list|Essilor |Luxottica}}

| locations = 17,589 stores (2023)

| num_employees = 191,706 (2023)

| num_employees_year =

| parent =

| owner = {{ill|Delfin S.a.r.l.|lb|Delfin (Holding)}} (32%){{Cite news |last=Ebhardt |first=Tommaso |date=22 June 2023 |title=Del Vecchio's Holding Firm to Cash in Over $945 Million in Dividends |url=https://www.bloomberg.com/news/articles/2023-06-22/billionaire-del-vecchios-firm-to-get-945-million-in-dividends |publisher=Bloomberg News}}

| website = {{URL|essilorluxottica.com}}

}}

Image:EssilorLuxottica logo.svg

EssilorLuxottica SA is a Franco-Italian vertically integrated multinational holding company registered in Charenton-Le-Pont and headquartered in nearby Paris. It designs, produces and markets ophthalmic lenses, equipment and instruments, prescription glasses and sunglasses. It was founded on 1 October 2018 and its name is an amalgamation of the two major corporations which merged to create it; the French Essilor and the Italian Luxottica. The two companies have, since the merger, been restructured as subsidiaries of the new entity.

Under the terms of the merger agreement, Essilor would purchase Luxottica, but Luxottica's leadership would be guaranteed prominent positions in the newly-formed corporation as well as some seats on its board of directors; Luxottica founder, Leonardo Del Vecchio, was notably designated chairman. The first few years of EssilorLuxottica post-merger were marred by disputes over leadership roles, but Del Vecchio was able to bring them to a satisfactory end.

Essilor and Luxottica were respectively the world's leading manufacturers of ophthalmic lenses and of eyeglasses; upon the merger, EssilorLuxottica thus became the juggernaut of the eyewear industry, which some critics have characterized as a near-monopoly. Essilor contributed its numerous proprietary lens technologies as well as its subsidiaries to the new company. Meanwhile, the latter gained through Luxottica ownership over numerous eyewear brands including Ray-Ban, Oakley, Persol, Oliver Peoples, and Vogue Eyewear; eyewear retailers LensCrafters, Pearle Vision, and Sunglass Hut, eyewear insurance company EyeMed, and exclusive eyewear licensing deals to numerous fashion houses.{{Cite web |title=Eyewear Brands {{!}} EssilorLuxottica |url=https://www.essilorluxottica.com/en/brands/eyewear/ |access-date=2023-08-31 |website=Essilor |language=en}} The company is listed on the Euronext Paris stock exchange under the trading symbol "EL" and is part of the CAC 40 share index which includes the 40 largest capitalized companies traded on the Paris Stock Exchange and the Euro Stoxx 50 which includes the 50 largest companies in the Eurozone. According to Statista, in 2023, the company generated €25.4 billion in revenue.{{Cite web |title=EssilorLuxottica: revenue worldwide 2022 |url=https://www.statista.com/statistics/241615/essilorluxottica-revenue-worldwide/ |access-date=2023-08-31 |website=Statista |language=en}}

History

{{For|the histories of the two companies prior to the merger|Essilor#History|Luxottica#History}}

= Merger of Essilor and Luxottica =

In January 2017, Essilor and Luxottica announced the merger of their activities. After having received the necessary authorizations from the competition authorities of the United States, the European Union, Brazil, Canada and China, EssilorLuxottica was created on 1 October 2018.{{cite web |date=2017-01-16 |title=Essilor et Luxottica annoncent une fusion à 50 milliards d'euros |url=https://investir.lesechos.fr/actions/actualites/update4-essilor-et-luxottica-annoncent-une-fusion-a-50-milliards-d-euros-1628577.php |access-date=2019-05-21 |website=Investir }} On a technical level, Essilor acquired Luxottica, though Luxottica founder and executive chairman Leonardo Del Vecchio became co-leader of the new conglomerate, which would change its name to contain both companies. Luxottica proceeded to delist its American depositary receipts from the New York Stock Exchange upon announcement of the merger.{{cite web |date=2018-10-01 |title=Essilor et Luxottica finalisent leur fusion, créant un nouveau géant de l'optique |url=https://investir.lesechos.fr/actions/actualites/essilor-et-luxottica-finalisent-leur-fusion-creant-un-nouveau-geant-de-l-optique-1795435.php |access-date=2019-05-21 |website=Investir }}{{Cite web |title=Essilor, Luxottica close €48B merger to create eyewear giant |url=https://www.spglobal.com/marketintelligence/en/news-insights/trending/KVDLgmLXiiZD76KB41tYjg2 |access-date=2023-08-23 |website=www.spglobal.com |language=en-us}}{{Cite web |last=Zargani |first=Luisa |date=2019-03-05 |title=Luxottica Delists From Milan Stock Exchange |url=https://wwd.com/feature/luxottica-delists-from-milan-stock-exchange-1203077253/ |access-date=2023-08-23 |website=WWD |language=en-US}}{{Cite web |last=WW |first=FashionNetwork com |title=Luxottica Group starts procedure for New York Stock Exchange delisting |url=https://ww.fashionnetwork.com/news/Luxottica-group-starts-procedure-for-new-york-stock-exchange-delisting,828322.html |access-date=2023-08-23 |website=FashionNetwork.com |language=en-WW}}{{Cite web |last=Prism |first=Optical |date=2017-05-17 |title=Luxottica Group to delist from New York Stock Exchange |url=https://opticalprism.ca/luxottica-group-to-delist-from-new-york-stock-exchange/ |access-date=2023-08-23 |website=Optical Prism Magazine |language=en-US}}

Del Vecchio's holding company, Delfin, then held 62.42% of Luxottica, a share that it contributed to EssilorLuxotica. Delfin also became a plurality shareholder of the new group with 38.9% of the capital.{{cite web |date=2018-11-28 |title=EssilorLuxottica contrôle désormais 93,31 % des actions Luxottica |url=https://www.zonebourse.com/LUXOTTICA-GROUP-90830/actualite/EssilorLuxottica-controle-desormais-93-31-des-actions-Luxottica-27676676/ |access-date=2019-05-21 |website=Zone bourse }}

This merger gives birth to a giant of the optical industry, generating a turnover of more than €16 billion and a market capitalization of €57 billion.{{cite web |date=2019-03-08 |title=16 milliards de CA pour EssilorLuxottica et des prévisions de croissance jusqu'à 5 % |url=http://www.frequenceoptic.fr/actualites/16-milliards-de-ca-pour-essilorluxottica-et-des-previsions-de-croissance-jusqu-a-5.html |access-date=2019-05-21 |website=Fréquence optic }} The merger did not occur without controversy from anti-trust researchers, however, and Turkish authorities, accusing the company of not fulfilling anti-trust obligations it had agreed to during the merger, fined EssilorLuxottica €17 million in late August 2023.{{Cite web |title=EssilorLuxottica fined for non-compliance in Turkey |url=https://globalcompetitionreview.com/article/essilorluxottica-fined-non-compliance-in-turkey |access-date=2023-08-30 |website=globalcompetitionreview.com |language=en}}{{Cite web |last=Shedd |first=Karin |date=2019-05-18 |title=Why the $49 billion merger of eyewear giants Luxottica and Essilor worries some antitrust experts |url=https://www.cnbc.com/2019/05/17/why-the-luxottica-essilor-merger-worries-antitrust-experts.html |access-date=2023-08-30 |website=CNBC |language=en}}

= Internal war for leadership =

Despite the merger being completed in 2018, the company still faced an internal leadership battle for control of the company, fought between old Essilor leadership and Del Vecchio, who went on to state in a March 2019 interview with Le Figaro that Essilor CEO Hubert Sagnières "only listened to himself", and had cost the company up to €600 million in savings from the merger. Sagnières responded to Del Vecchio by accusing the Luxottica founder of attempting to take control of the newly formed conglomerate without offering "a premium to shareholders" of EssilorLuxottica. Del Vecchio further accused Sagnières of inexperience when running an eyewear company. The terms of the merger provided that old Essilor leadership as well as Luxottica's officers would have equal control over the merged entity, though the company would select a new CEO, internally or externally, by the end of 2020.{{Cite news |last1=Kar-Gupta |first1=Sudip |last2=Henault |first2=Blandine |date=2019-03-21 |title=EssilorLuxottica tensions exposed as executives fall out |language=en |work=Reuters |url=https://www.reuters.com/article/us-essilorluxottica-governance-stocks-idUSKCN1R20P5 |access-date=2023-08-31}}{{Cite web |last=Wynne |first=Alex |date=2019-03-21 |title=Merged EssilorLuxottica Plagued by Power Struggle |url=https://wwd.com/feature/merged-essilorluxottica-plagued-power-struggle-1203089131/ |access-date=2023-08-31 |website=WWD |language=en-US}}{{Cite news |last1=Borrelli |first1=Silvia Sciorilli |last2=Keohane |first2=David |date=2021-05-21 |title=EssilorLuxottica ends 3-year governance battle |work=Financial Times |url=https://www.ft.com/content/efc822ef-e63e-4351-9f3e-2ff0ca8bd7f8 |access-date=2023-08-31}}

Ultimately, Del Vecchio won with the backing of EssilorLuxottica shareholders. Del Vecchio's choice of appointing Francesco Milleri as CEO and {{ill|Paul du Saillant|fr}} as deputy CEO. Saginères ultimately departed EssilorLuxottica after the feud, and Del Vecchio, who previously agreed to limit his voting rights to control the company, regained the full weight of such voting rights. A company statement to the Financial Times reflected the settled nature of the conflict, stating that the resolution of the leadership battle represented "the victory of a vision, the creation of an extraordinary business that is at the beginning of what it can achieve". Del Vecchio further reflected the new company's leadership by going on to state that his "life-long dream" of creating a dominant vertically integrated company in eyewear has "finally come true".

= Later acquisitions =

At the beginning of 2019, EssilorLuxottica acquired German-based Brille24 GmbH.{{Cite web |date=2019-02-13 |title=Essilor acquires German online optical retailer Brille24 |url=https://ecommercenews.eu/essilor-acquires-german-online-optical-retailer-brille24/ |access-date=2023-08-31 |website=Ecommerce News}} Essilor's partner Shamir acquired Union Optic, a prescription laboratory that also distributes optical instruments. Essilor also acquired a majority stake in Indulentes, one of Ecuador's leading prescription laboratories, and a majority stake in Metalizado Optico Argentino S.A. (MOA), one of Argentina's leading prescription laboratories.{{Cite web |title=Essilor International moves forward with four worldwide acquisitions |url=https://www.healio.com/news/optometry/20190213/essilor-international-moves-forward-with-four-worldwide-acquisitions |access-date=2024-07-19 |website=www.healio.com |language=en}}

EssilorLuxottica acquired a 75% stake in the Dutch opticians group GrandVision, which owns Vision Express in the UK and For Eyes in the US, in 2019 for €28 per share, which would value the entirety of GrandVision at Euro 7.2 billion.{{Cite news |date=2019-07-31 |title=EssilorLuxottica sets sights on retail dominance with $8 billion GrandVision deal |language=en |work=Reuters |url=https://www.reuters.com/article/us-essilorluxottica-results-idUSKCN1UQ0JW |access-date=2023-08-23}}

Del Vecchio died in June 2022, leaving $350 million in shares to Milleri.{{Cite web |last= |date=2022-06-27 |title=Ray-Ban’s billionaire owner Leonardo Del Vecchio dies {{!}} CNN Business |url=https://www.cnn.com/2022/06/27/business/luxottica-leonardo-del-vecchio/index.html |access-date=2024-07-20 |website=CNN |language=en}}{{Cite news |last=Lepido |first=Daniele |date=2022-08-01 |title=Ray-Ban Billionaire Del Vecchio Leaves $350 Million Essilor Shares to Successor |url=https://www.bloomberg.com/news/articles/2022-08-01/del-vecchio-leaves-350-million-essilor-shares-to-his-successor |access-date=2024-07-20 |work=Bloomberg.com |language=en}}

In August 2022, Essilor bought the remaining 50 percent stake in Shamir Optical Industry.{{Cite web |last= |title=EssilorLuxottica Acquires 100 Percent of Shamir Optical |url=http://www.visionmonday.com/business/international-news/article/essilorluxottica-acquires-100-percent-of-shamir-optical/ |access-date=2024-07-19 |website=www.visionmonday.com |language=en}} Additionally, the company announced it would acquire Israeli startup Nuance Hearing for an undisclosed amount. This was the first major strategy shift and industry expansion for the company after Del Vecchio's 2022 death, and it accompanied reports that the firm was planning to introduce hearing aid technology into its lenses.{{Cite news |title=EssilorLuxottica to move into hearing aids after buying Israeli start-up {{!}} Financial Times |url=https://www.ft.com/content/423cf1d4-eab4-45ff-91b8-aa0b8001d768 |access-date=2023-08-23 |newspaper=Financial Times|date=July 25, 2023 |last1=Borrelli |first1=Silvia Sciorilli }}{{Cite web |last=Wrobel |first=Sharon |title=Maker of Oakley and Ray-Ban sunglasses buys Israeli hearing tech startup Nuance |url=https://www.timesofisrael.com/maker-of-oakley-and-ray-ban-sunglasses-buys-israeli-hearing-tech-startup-nuance/ |access-date=2023-08-23 |website=www.timesofisrael.com |language=en-US}}

In July 2024, EssilorLuxottica agreed to buy US streetwear brand Supreme for US$1.5 billion, expanding its brand portfolio beyond eyewear and lenses for the first time.{{Cite web |title=EssilorLuxottica expands into streetwear with $1.5bn Supreme deal |url=https://www.ft.com/content/54d2622a-b778-457e-87ca-9ef61bc83456 |access-date=2024-07-17 |website=Financial Times}}{{Cite web |title=EssilorLuxottica to Acquire Supreme® from VF Corporation {{!}} EssilorLuxottica |url=https://www.essilorluxottica.com/en/newsroom/press-releases/essilorluxottica-to-acquire-supreme-from-vf-corporation/ |access-date=2024-07-24 |website=Essilor |language=en}}{{Cite web |last=Anzolin |first=Elisa |date=July 17, 2024 |title=Ray-Ban maker EssilorLuxottica taps streetwear audience with Supreme deal |url=https://www.reuters.com/markets/deals/essilorluxottica-buy-supreme-heidelberg-engineering-2024-07-17/ |website=Reuters}} Days later, it was reported that Meta was in talks to purchase a 5% stake in EssilorLuxottica.{{Cite web |last=Rodriguez |first=Salvador |date=July 18, 2024 |title=Meta in Talks to Buy Stake in Eyewear Giant EssilorLuxottica |url=https://www.wsj.com/business/deals/meta-in-talks-to-buy-stake-in-eyewear-giant-essilorluxottica-3afc69d2 |access-date=July 23, 2024 |website=The Wall Street Journal}}

In July 2024, EssilorLuxottica acquired an 80% shareholding in Heidelberg Engineering.{{Cite web |last=Rodriguez |first=Salvador |date=July 18, 2024 |title=Eyewear giant to buy majority stake in OCT diagnostics pioneer Heidelberg |url=https://optics.org/news/15/7/34 |access-date=July 23, 2024 |website=Optics.org}} The Germany-headquartered Heidelberg specializes in ophthalmic diagnostic instruments based around optical coherence tomography (OCT), confocal microscopy, and scanning lasers.

= 2021 data breach =

May 2023 saw EssilorLuxottica confirm that it had suffered a data breach two years earlier in 2021; upon noticing the breach, the company immediately alerted the FBI and Italian law enforcement. A spokesperson for the company stated that the company was first aware of the data breach in November 2022, and the owner of the website Have I Been Pwned? stated that around 77 million accounts were released.{{Cite web |title=Luxottica confirms 2021 data breach after info of 70M leaks online |url=https://www.bleepingcomputer.com/news/security/luxottica-confirms-2021-data-breach-after-info-of-70m-leaks-online/ |access-date=2023-08-23 |website=BleepingComputer |language=en-us}}

Operations

The company dominates the global eyewear market as the largest single player in that market.{{Cite web|date=2018-05-10|title=The spectacular power of Big Lens {{!}} The long read|url=http://www.theguardian.com/news/2018/may/10/the-invisible-power-of-big-glasses-eyewear-industry-essilor-luxottica|access-date=2021-05-13|website=the Guardian|language=en|first=Sam|last=Knight}}{{Cite web|date=2019-05-16|title=How independent eyewear brands compete with EssilorLuxottica|url=https://www.glossy.co/fashion/they-have-one-goal-take-over-the-world-how-independent-eyewear-brands-compete-with-the-behemoth-of-essilorluxottica/|access-date=2021-05-13|website=Glossy|language=en|first=Danny|last=Parisi}}

= Retail =

EssilorLuxottica is the largest company in retail sales, owning many of the largest eyewear retail chains in the world. By number of locations, EssilorLuxottica's largest store chain is Sunglass Hut, with 3,239 locations as of 2020. Its second largest and third largest chains are Oticas Carol at 1,402 locations and LensCrafters with 1,094 locations respectively.{{Cite web |title=Number of stores of Luxottica by brand worldwide 2020 |url=https://www.statista.com/statistics/256540/number-of-stores-of-luxottica-by-brand-worldwide/ |access-date=2023-09-05 |website=Statista |language=en}} Online, the company further owns Clearly, Eyebuydirect, FramesDirect.com, and online properties under its brand names such as Ray-Ban and Oakley.{{Cite web |last=Lazarus |first=David |date=2019-03-05 |title=Column: How badly are we being ripped off on eyewear? Former industry execs tell all |url=https://www.latimes.com/business/lazarus/la-fi-lazarus-glasses-lenscrafters-luxottica-monopoly-20190305-story.html |access-date=2021-05-13 |website=Los Angeles Times |language=en-US}}

class="wikitable"

|+EssilorLuxottica retail brands by number of locations in 2020

!Brand name

!Number of locations

Sunglass Hut

|3,239

Óticas Carol

|1,402

|1,094

|549

|548

|536

GMO

|447

Salmoirgahi & Viganò

|389

Oakley

|384

OPSM

|376

Ray-Ban

|248

David Clulow Optical

|123

All others

|153

= Eyewear brands =

The company, inherited mostly from the Luxottica side, has control over some of the most recognized brands in eyewear. Previous acquisitions from Luxottica include Vogue Eyewear in 1990,{{Cite web |title=Strategy Study: How Luxottica Became The World's Eyewear Giant |url=https://www.cascade.app/studies/luxottica-strategy-study |access-date=2023-09-06 |website=www.cascade.app |language=en}} Persol in 1995,{{Cite web |last1=Ortiz |first1=Gerald |last2=Moon |first2=Jacorey |date=2023-06-05 |title=The Complete Guide to Persol Sunglasses: All Styles, Explained |url=http://gearpatrol.com/style/a724428/persol-sunglasses-brand-breakdown/ |access-date=2023-09-06 |website=Gear Patrol |language=en-US}} Ray-Ban and Arnette in 1999,{{Cite web |title=Ray-Bans net cool $640 million in Luxottica sale - Apr. 28, 1999 |url=https://money.cnn.com/1999/04/28/deals/bausch/ |access-date=2023-09-06 |website=money.cnn.com}}{{Cite web |last=Earnest |first=Leslie |date=2000-01-07 |title=Arnette Retires From Company He Founded |url=https://www.latimes.com/archives/la-xpm-2000-jan-07-fi-51599-story.html |access-date=2023-09-06 |website=Los Angeles Times |language=en-US}} Oakley and Oliver Peoples in 2007,{{Cite web |title=Luxottica Acquires Oakley in $2.1 Billion Deal… {{!}} SGB Media Online |url=https://sgbonline.com/luxottica-acquires-oakley-in-21-billion-deal/ |access-date=2023-09-06 |website=sgbonline.com}}{{Cite press release |last= |first= |date=2006-02-09 |title=Oakley Acquires Oliver Peoples - a Leading Fashion Eyewear Brand |url=https://www.globenewswire.com/en/news-release/2006/02/09/339240/2175/en/Oakley-Acquires-Oliver-Peoples-a-Leading-Fashion-Eyewear-Brand.html |access-date=2023-09-06 |website=GlobeNewswire News Room |language=en}} Alain Mikli in 2012,{{Cite web |last=Staff |title=Luxottica Enters Into an Exclusivity Agreement to Acquire Alain Mikli |url=https://www.2020mag.com/article/luxottica-enters-into-an-exclusivity-agreement-to-acquire-alain-mikli |access-date=2023-09-06 |website=www.2020mag.com}} and Bolon eyewear owner Xiamen Yarui Optical in 2013.{{Cite web |last=Grint |first=Louie |date=2014-02-26 |title=Luxottica Is Destined to Win in 2014 |url=https://www.fool.com/investing/general/2014/02/26/luxottica-is-destined-to-win-in-2014.aspx |access-date=2023-09-06 |website=The Motley Fool |language=en}} Essilor also brought some eyewear brands to the combined company, the largest of which being Foster Grant, acquired in 2010,{{Cite press release |last=Essilor |title=Essilor Acquires FGX International, Becoming a Major Player in a New Fast-Growing Market |url=https://www.prnewswire.com/news-releases/essilor-acquires-fgx-international-becoming-a-major-player-in-a-new-fast-growing-market-87638232.html |access-date=2023-09-06 |website=www.prnewswire.com |language=en}} and Costa Del Mar, a part of Essilor since 2014.{{Cite web |last=Bolar |first=Alim |date=2013-11-19 |title=Costa Inc. To Be Acquired By Essilor International {{!}} VisionPlus Magazine |url=https://visionplusmag.com/business/costa-inc-to-be-acquired-by-essilor-international/ |access-date=2023-09-06 |language=en-US}}

Despite ownership of brands, Luxottica also brought over exclusive eyewear manufacturing deals to the company, mostly with major European fashion houses. Armani was Luxottica's first major licensing deal in 1989, one that remains intact to this day,{{Cite news |date=2022-09-14 |title=EssilorLuxottica, Armani Renew Deal Which Changed Eyewear World |language=en |work=Bloomberg.com |url=https://www.bloomberg.com/news/articles/2022-09-14/essilorluxottica-armani-renew-deal-which-changed-eyewear-world |access-date=2023-09-06}} and the company additionally manufactures eyewear for many companies, including but not limited to brands owned by Tapestry, Capri Holdings, Ralph Lauren Corporation, and Ferrari.{{Cite web |title=Brands {{!}} EssilorLuxottica |url=https://www.essilorluxottica.com/en/brands/ |access-date=2023-09-06 |website=Essilor |language=en}}

In addition to the brands it owns, EssilorLuxottica presently has exclusive manufacturing licensing for Armani, Brooks Brothers, Burberry, Chanel, Coach, Dolce & Gabbana, Ferrari (through a Ray-Ban partnership), Michael Kors' eyewear, Miu Miu, Prada, Ralph Lauren, Swarovski, Tiffany & Co., Tory Burch, and Versace.{{Cite web |title=Eyewear Brands {{!}} EssilorLuxottica |url=https://www.essilorluxottica.com/en/brands/eyewear/ |access-date=2023-09-06 |website=Essilor |language=en}} EssilorLuxottica also signed new licensing deals with Jimmy Choo and Kodak in 2023, though did not renew its license with LVMH-owned Bulgari, which expired at the end of 2023.{{Cite press release |last=EssilorLuxottica |date=2023-06-29 |title=EssilorLuxottica and Jimmy Choo announce a ten-year licensing agreement |url=https://www.globenewswire.com/news-release/2023/06/29/2696722/0/en/EssilorLuxottica-and-Jimmy-Choo-announce-a-ten-year-licensing-agreement.html |access-date=2023-09-06 |website=GlobeNewswire News Room |language=en}}{{Cite web |last=Schneider |first=Jaron |date=2023-07-28 |title=Kodak is 'Indefinitely' Licensing its Brand to the World's Largest Eyewear Company |url=https://petapixel.com/2023/07/28/kodak-is-indefinitely-licensing-its-brand-to-the-worlds-largest-eyewear-company/ |access-date=2023-09-06 |website=PetaPixel |language=en}}{{Cite web |last=WW |first=FashionNetwork com |title=Luxottica and Bulgari are not renewing their eyewear license agreement |url=https://ww.fashionnetwork.com/news/Luxottica-and-bulgari-are-not-renewing-their-eyewear-license-agreement,1500800.html |access-date=2023-09-06 |website=FashionNetwork.com |language=en-WW}}