EssilorLuxottica: share up, with other acquisitions ahead
(CercleFinance.com) - In the process of taking over the optical distributor GrandVision, the optical giant EssilorLuxottica has by no means finished with acquisitions, according to an interview given by its vice-president and deputy CEO, Hubert Sagnières, published by Bloomberg.
This morning in Paris, the EssilorLuxottica is in pole position in the CAC 40, up 2.4%.
“GrandVision was just the first step,” Vice Chairman Hubert Sagnieres said in a telephone interview. He added, “We won't stop here and we have the means for more acquisitions.”
EssilorLuxottica is expected to boost its retail and online operations as well as its lens and sunglass manufacturing operations, with the company looking to Asia, Africa and Latin America for expansion.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
This morning in Paris, the EssilorLuxottica is in pole position in the CAC 40, up 2.4%.
“GrandVision was just the first step,” Vice Chairman Hubert Sagnieres said in a telephone interview. He added, “We won't stop here and we have the means for more acquisitions.”
EssilorLuxottica is expected to boost its retail and online operations as well as its lens and sunglass manufacturing operations, with the company looking to Asia, Africa and Latin America for expansion.
Copyright (c) 2019 CercleFinance.com. All rights reserved.