Report
Andreea Hotaranu
EUR 101.80 For Business Accounts Only

Luxottica-Essilor Merger Will Result in a Vertically Integrated Eye-Care Giant

On Jan. 16, 2017, Luxottica and Essilor announced a merger that will create a global integrated eyewear leader with approximately 15% market share. The transaction will result in a vertically integrated group, from production (Essilor--lenses, Luxottica--frames), to distribution, leveraging Luxottica’s extensive retail channels. Both businesses have economic moats: We currently award a narrow economic moat rating to Luxottica and a wide economic moat rating to Essilor, based on sizeable manufact...
Underlying
Luxottica Group S.p.A. ADS

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Andreea Hotaranu

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