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Exciting News in the Fashion and Eyewear Industry! EssilorLuxottica has announced a bold move to acquire the iconic streetwear brand Supreme from VF Corporation for $1.5 billion. This all-cash acquisition marks EssilorLuxottica's biggest deal since acquiring GrandVision. This strategic acquisition allows EssilorLuxottica to expand beyond its traditional eyewear market and connect with new customer groups. Supreme, known for its exclusive drops and collaborations with brands like Nike and LVMH, brings a fresh and dynamic edge to EssilorLuxottica’s portfolio. EssilorLuxottica CEO Francesco Milleri stated, “We see an incredible opportunity in bringing an iconic brand like Supreme into our company.” This move aligns with the company's goals in innovation and development, promising to drive future growth. While the acquisition surprised some analysts, it showcases EssilorLuxottica's ambition to diversify and innovate. #EssilorLuxottica #Supreme #Acquisition #GrowthStrategy #BusinessNews

"EssilorLuxottica has agreed to buy streetwear brand Supreme from VF Corporation for $1.5 billion, both companies said on Wednesday, marking the first acquisition of an apparel company for the French-Italian eyewear maker. In a separate statement, EssilorLuxottica said it had agreed to buy an 80% stake in family-owned Heidelberg Engineering, a German company specialising in diagnostic solutions and healthcare IT for clinical ophthalmology, strengthening its push into medical technology. The companies did not disclose financial details. Vans and North Face owner VF Corp bought clothing and skateboarding streetwear brand Supreme in 2020 for $2.1 billion. The sale of Supreme is expected to be dilutive to VF's earnings per share in fiscal 2025, according to the companies' joint statement." #finance #equipmentfinance #equipmentleasing #financialservices #corporatefinance #mergersandacquisitions #essilorluxottica #supreme https://lnkd.in/emmAzHx2.

EssilorLuxottica's $1.5B acquisition of Supreme is a game-changing move in the fashion industry. By combining Supreme's iconic streetwear brand with EssilorLuxottica's expertise in luxury eyewear, this strategic merger aims to create a unique blend of high-end fashion and urban style. In a statement, EssilorLuxottica chairman and CEO Francesco Milleri said, “we see an incredible opportunity in bringing an iconic brand like Supreme into our company.” Milleri added that Supreme “perfectly aligns with our innovation and development journey, offering us a direct connection to new audiences, languages and creativity.” This partnership is set to unlock new market opportunities, attract a broader audience, and redefine the boundaries of both the eyewear and streetwear sectors. Exciting times ahead for innovation and growth in the fashion landscape! Read details here: https://lnkd.in/dnDFUaME #Acquisition #FashionIndustry #BusinessStrategy #Innovation #EssilorLuxottica #Supreme #MarketExpansion

The sunglasses industry doesn’t want you to know that Ray- Ban, Michael Kors, Versace, and Prada are all the same. The eyewear industry has seen massive growth in recent decades, fueled by rising vision problems and the evolution of glasses into a fashion accessory. And 1 company that has emerged as the dominant force in this lucrative industry  👉 Founded in 1961 by Leonardo Del Vecchio, Luxottica started as a small components supplier but soon shifted to manufacturing eyewear. Through licensing deals with fashion brands like Giorgio Armani and strategic acquisitions of big names like Ray-Ban and Oakley, Luxottica established itself as the world's largest eyewear company. Today, Luxottica boasts an impressive portfolio of: > Over 50 eyewear and 19 retail brands, including LensCrafters, Sunglass Hut and Pearle Vision.  > The company has over 9000 stores worldwide  > A reported €9 billion in revenue in 2020. But what did really help it to grow massively? [It's secret sauce ] Answer: strategic acquisitions and vertical integration. Luxottica's vertically integrated business model, spanning design, manufacturing, distribution and retail, enables it to control quality and maintain economies of scale. Its brand acquisitions have given it immense pricing power - an 80% market share means Luxottica faces little competition. While some criticize Luxottica's dominance, its story demonstrates savvy management of mergers and vertical integration. Luxottica provides a model of how to leverage distribution and brand reputation to consolidate market share for any player aspiring to lead an industry. Its growth from humble beginnings to an eyewear empire is an inspiration. Did you know about Luxottica's strategy? #luxurybrands #sunglasses

EssilorLuxottica acquires Supreme 👏 The global eyewear giant has acquired the New York streetwear brand in a deal worth up to $1.5bn. VF Corporation have owned Supreme since 2020 when they acquired the brand in a €2.1bn deal, after which the brand began focusing on international store openings. The deal expands EssilorLuxottica's extensive portfolio of brands which already includes Pearle Opticiens, Ray-Ban and Oakley. James Jebbia, Founder of Supreme, commented: "In EssilorLuxottica, we have a unique partner who understands that we are at our best when we stay true to the brand and continue to operate and grow as we have done for the past 30 years. This move allows us to focus on the brand, our products and our customers, as we prepare for long-term success.” Francesco Milleri and Paul du Saillant, CEO and Deputy CEO of EssilorLuxottica respectively, added: "We see an incredible opportunity to bring an iconic brand like Supreme into our business. It fits perfectly with our innovation and development journey and offers us a direct connection to new audiences, languages and creativity." "With its unique brand identity, fully direct commercial approach and customer experience – a model we will strive to maintain – Supreme will have its own place within our private label portfolio and will also complement our licensed portfolio.” #News #Fashion #Eyewear #Streetwear #Acquisition #Growth #Strategy

Supreme x Essilor Luxottica 🔝 Supreme has been acquired by EssilorLuxottica in a £1.15bn ($1.5bn) deal, marking the eyewear giant’s first foray into clothing brands. This acquisition aligns with EssilorLuxottica's innovation journey, providing direct access to new audiences and creativity. Key points: 🕶️ EssilorLuxottica, known for Ray-Ban, Oakley, and Oliver Peoples, expands into streetwear. 💼 Supreme was previously acquired by VF Corp for £1.61bn ($2.1bn) in 2020. 🔄 VF Corp cited “limited synergies” as the reason for the sale, calling it a “natural next step.” 🏢 Founded in 1994, Supreme operates a direct-to-consumer website and 17 stores worldwide. 🔥 The brand gained massive popularity in the late 2010s, becoming a streetwear icon. This strategic move highlights EssilorLuxottica's commitment to innovation and reaching new creative heights. OptimaRetail.eu: Experts in worldwide #Retail #maintenance and repairs - SMART FACILITY MANAGEMENT  #OptimaRetail #facilityManagement #PreventiveMaintenance #ReactiveMaintenance #RetailExpansion #Supreme #Essilorluxottica

EssilorLuxottica, a global leader in the eyewear industry, has taken a significant step by acquiring the iconic streetwear brand Supreme. Founded in 2018 through the merger of French Essilor and Italian Luxottica, EssilorLuxottica is known for brands like Ray-Ban, Oakley, and Oliver Peoples. EssilorLuxottica has a history of strategic acquisitions. Notable successes include Ray-Ban and Oakley, which have strengthened its market position in the eyewear industry. However, the company has also faced challenges, particularly in integrating diverse brands and expanding into new sectors. Despite these challenges, EssilorLuxottica's focus on innovation and high-quality products has helped it maintain a strong market presence. The Acquisition of Supreme In 2024, EssilorLuxottica acquired Supreme from VF Corporation for $1.5 billion. Supreme, founded in 1994 in New York, is renowned for its unique brand identity and strong presence in streetwear culture. The acquisition is seen as a strategic move to diversify EssilorLuxottica’s portfolio and tap into new, younger demographics. EssilorLuxottica plans to preserve Supreme's brand identity and direct commercial approach while leveraging its own expertise in manufacturing and distribution. What's Next for Supreme? Under EssilorLuxottica’s ownership, Supreme will continue to operate with its current leadership, including founder James Jebbia. The focus will be on maintaining Supreme's unique brand while expanding its reach through EssilorLuxottica’s global infrastructure. This acquisition aligns with EssilorLuxottica's strategy to blend iconic brands with innovation, aiming for long-term growth and market expansion. ---------------------------------------------------- If you enjoyed this post, follow me at Varun Shroff for daily insights into unique brands across various industries each week!

Back in 2010 my business coach explained the concept of income following assets - meaning own the right assets and income will follow. The merger of Essilor (French) and Luxottica (Italian) in 2018 created an eyewear behemoth rich in assets. They have just reported their 3rd year in a row of 7%+ growth built on a foundation of 150 major brands, 12,000 Patents and designs, 20,000+ trademarks Some more insight on this impressive business: #EssilorLuxottica ✅ Revenue in FY23 grew 17.1% to €25.4 billion ✅ Record profits (nearly €3 billion) ✅ Perf by region: APAC + 14.3%, Latin America +9.9%, EMEA 8.2% and North America 4.2% ✅ Sales by region: APAC €3.30bn, Latin America €1.53bn, EMEA €9.18bn and North America €11.63bn ✅ Stores count by region: APAC 1444, Latin America 2106, EMEA 5984, N. America 3832, Franchise 4223 ✅ Stores by fascia: Sunglass Hut 3181, Lenscrafters 1106, Vision Express 1007, Apollo 905, Target Optical 574, Oakley 382, Rayban 265, Others 10,169 (18+ facias) ✅ Current eyewear licenses include: Giorgio Armani, Brunello Cucinelli, Burberry, Chanel, Coach, Dolce&Gabbana, Ferrari, Michael Kors, Prada, Ralph Lauren, Starck Biotech Paris, Swarovski, Tiffany & Co., Tory Burch and Versace ✅ Current optician / retail fascias include: The Company has a widespread brick and mortar retail network with banners such as LensCrafters, Target Optical and Pearle Vision in North America; Apollo, Vision Express, Pearle, Générale d'Optique, Visilab, Salmoiraghi & Viganò and David Clulow in EMEA; OPSM, Mujosh and Laubman & Pank in Asia- Pacific; MasVisión, GMO, Óticas Carol in Latin America; as well as global banners such as Sunglass Hut, Ray-Ban and Oakley (total c 18,000 doors) ✅ These are complimented by e-commerce stores Ray-Ban.com, Oakley.com, SunglassHut.com, OliverPeoples.com, EyeBuyDirect, Clearly, VisionDirect, Lenstore and Glasses direct ESG ✅ 'Eyes on the Planet' company wide sustainability program launched in 2021 with 5 pillars: Carbon Circularity World Sight Inclusion Ethics ✅ Employee shareholding program now extends to 77,500 employees in 85 countries reflecting their confidence in the Company ✅ OneSight EssilorLuxottica Foundation - aim to eliminate uncorrected poor vision globally by 2050 - largest foundation in the world driving inclusive vision care access. The foundation has helped to create 22,800+ vision care access points reaching 585m people in underserved communities ✅ Carbon neutrality for direct operations achieved in Europe, on track for neutrality worldwide in 2025 DEI ✅ Women represent 61% of the global workforce, 41% of management and 33% of Snr Execs (at Dec 31st 2022) ✅ Leonardo is the group's learning platform - content created by industry experts. 3.2m hours of education have been delivered (at end of 2022)

Big news 👓 EssilorLuxottica, the global leader in eyewear, just announced their acquisition of Supreme from VF Corporation for £1.1 billion ($1.5 billion) in cash. This move marks a significant shift for both companies and promises exciting times ahead for the iconic skate brand. Supreme, which started on Lafayette Street in NYC back in 1994, has built a massive global following with its exclusive aesthetic and legendary collabs, like the 2017 capsule with Louis Vuitton. The brand has transformed from a local skate shop to a global phenomenon, boasting 17 retail stores and an e-commerce platform that spans across all regions. EssilorLuxottica's CEO, Francesco Milleri, said that Supreme "perfectly aligns with our innovation and development journey." This acquisition will allow Supreme to benefit from EssilorLuxottica's expertise while maintaining its unique identity. On the other side, VF's CEO, Bracken Darrell, noted that selling Supreme was a strategic move to better position VF for future growth. What do you think about this acquisition? Drop your thoughts in the comments! 💬 #FashionNews #BusinessUpdates #Supreme

Reliance Brands Ltd. has acquired the India business of LensCrafters, a prescription eyewear company owned by Italian giant Luxottica Group. Click on the link below to know more... Reliance Brands Limited I Luxottica I LensCrafters I Darshan Mehta I DLF Malls I Sunglass Hut I Reliance Industries Limited I Rasul Bailay #luxottica #eyewear #lenscrafters #reliance #reliancebrands #acquisition #eyewearbrand #italiancompany #retailnews #retailtrends #retailsector #retailindustry #retailing #retailresults #retailupdates #businessnews #retailgrowth #retailsectornews #retailbusiness #ir #IndiaRetailing