Essilor and Luxottica sales dip ahead of merger
04-06-2018

Essilor and Luxottica have both reported a drop in first quarter earnings compared to the previous year, with fluctuating currencies, bad weather and a dip in wholesale revenue cited as the main contributors to the muted performance.

With the conclusion of the highly-anticipated merger approaching, sales for France-based Essilor dropped 5.8% to €1.8 billion (AU$2.8 b), due primarily to the weakness of key US, Chinese and Brazilian currencies against the euro.

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