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Thread: ESSILUX merger finally approved by China ............................

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    Manuf. Lens Surface Treatments
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    Blue Jumper ESSILUX merger finally approved by China ............................

    They now have the green light from China ......................

    The wedding between E + L can now finally happen and then change the world of retail optics.

    The year 2018 will be the year no optician will ever forget as it will be the start of a new business cycle in the optical retail sector.









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    Quote Originally Posted by Chris Ryser View Post
    They now have the green light from China ......................

    The wedding between E + L can now finally happen and then change the world of retail optics.

    The year 2018 will be the year no optician will ever forget as it will be the start of a new business cycle in the optical retail sector.








    The wedding shall take place at the little white chapel in Vegas with entertainment by Celine. Its such a big event that Pavarotti has RSVP'd he will be coming back to attend. The after party will be at Vision Expo West. I'm definitely going this year to see the fireworks.

    I don't watch a lot of TV, but I've noticed in the last couple of weeks the Lenscrafters and Transitions commercials are in full bloom.

    Interesting times indeed.

  3. #3
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    Redhot Jumper Essilor keeps financial targets, says Luxottica deal on track


    Essilor keeps financial targets, says Luxottica deal on track

    Reuters Staff
    2 MIN READ


    PARIS, July 26 (Reuters) - French spectacles and lens maker Essilor said it was making good progress in the completion of its merger with Italian peer Luxottica, after posting a slightly lower interim profit and confirming its 2018 financial targets.
    Essilor on Thursday reported an interim operating profit of 630 million euros ($738.9 million), down from an adjusted year-ago profit figure of 667 million euros. The 2017 figure was adjusted to reflect costs associated with the Luxottica deal.

    Essilor also confirmed its 2018 financial targets, namely for like-for-like revenue growth of around 4 percent.

    Essilor and Luxottica, whose alliance will create an industry leader with a value of around 50 billion euros, are currently in the midst of seeking various regulatory approvals to finalise their merger.


    The tie-up between Luxottica, whose brands include Ray-Ban, and Essilor - which sells lenses under the Varilux brand - is aimed at taking advantage of rising demand for prescription spectacles as populations get older across the world.

    Earlier this week, Luxottica posted broadly flat first-half results.
    $1 = 0.8526 euros Reporting by Sudip Kar-Gupta; Editing by Sunil Nair







    Last edited by Chris Ryser; 07-31-2018 at 01:36 AM.

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