Kering Acquires Lens Maker Lenti in Eyewear Push Kering, the renowned luxury group, has once again made headlines with its recent acquisition of the Italian lens manufacturer, Lenti. This strategic move is aimed at further strengthening Kering’s industrial platform within the high-end eyewear sector, solidifying its position as a key player in the competitive market. […]
EssilorLuxottica Sales Slightly Miss on Worsening China Market
EssilorLuxottica SA, a leading player in the eyewear industry, has reported its third-quarter revenue for 2024, which has slightly lagged behind expectations. The company’s revenue grew by 4 percent year-on-year, reaching €6.44 billion ($7 billion). This growth rate fell short of Bloomberg consensus estimates, which forecasted a 5.3 percent increase and a revenue figure of […]