Implications of the Luxottica & Essilor Merger
Submitted on Tuesday, January 16, 2018 - 11:50am
The hottest eye care industry story of 2017 has again risen to the forefront. The much-anticipated mega-merger between eye care behemoths Luxottica Corporation and Essilor International, initially announced back in January, is quickly and smoothly moving to fruition.
What will this mean for optical service providers and their patients in the future? Regarding independent optometric practices, for which The Alliance proudly negotiates vendor discounting as a GPO, there are myriad unanswered questions, and with more to follow.
The Essilor and Luxottica merger will result in the following:
- A 45% global market share for lab services (Essilor)
- 18% of the world’s annual eyewear frame sales (Luxottica)
- An overall workforce of 140,000+ employees
- Distribution and retail channels serving 150 countries
- Global ecommerce Websites (Essilor)
- $16 billion in combined annual revenue
read all about it:
https://www.thealliancebg.com/latest...essilor-merger
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