Report
Optical & Eyewear: North America is the largest market for Safilo
North America is the largest market for Safilo (~48% of sales) and EssilorLuxottica(~46% of sales). It was clearly their largest growth driver throughout 2021 and that
should be the case again this year. Indeed, these two groups benefit from selfhelp
catalysts to continue their market share gains in the US market, despite the
lingering threat from Omicron. Against this fluid environment, the optical market
proved to be always quite resilient during economic slowdown given its nondiscretionary
nature (prescription) and powerful structural drivers (i.e. relative
under-penetration of value-added products, supportive demographics trends…).
The stronger USD is the icing on the cake.
Provider
Bryan Garnier
Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.
Cedric Rossi
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