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EssilorLuxottica SA is an Italian-French vertically integrated multinational corporation based in Paris and founded on 1 October 2018 from the merger of the Italian Luxottica with the French Essilor. The eyewear -focused group designs, produces and markets ophthalmic lenses, optical equipment, prescription glasses and sunglasses.
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Luxottica Group S.p.A. is an Italian eyewear conglomerate based in Milan. As a vertically integrated company, Luxottica designs, manufactures, distributes, and retails its eyewear brands all through its own subsidiaries. The company, presently organized as a subsidiary of EssilorLuxottica which formed when the Italian conglomerate merged with ...
An LVMH spokesperson stated the company would continue to pay salary and benefits to its 3,500 employees in Russia. [49] In November 2022, it was announced LVMH had acquired the Piedmont-based jewelry maker Pedemonte Group. [50] On 24 April 2023, LVMH became the first European company to reach a $500 billion valuation. [51]