Luxottica continues to expand with increased investment in technology, retail stores, and brand.
We maintain our fair value estimate for EssilorLuxottica as Essilor reported full-year results and received unconditional clearance for its merger with Luxottica from the European Commission. Management expressed confidence in positive clearance from U.S. authorities in the near future and expects the transaction to close in the first half of the year. All the clearances received so far have been unconditional.Essilor reported sales growth largely in line with our expectations. Like-for-like s...
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.
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