In a $49 billion deal, Italian frames manufacturer Luxottica and French lens manufacturer Essilor announced that they will join up, EssilorLuxottica, that will be co-run by both groups.
BBC’s Ian Pollock writes that this largely uncommented deal should be a matter of more interest than its received.
These are two of the biggest firms in the lucrative international business of making spectacles. France’s Essilor is the world’s number one manufacturer of lenses and contact lenses, while Italy’s Luxottica is the leading frame manufacturer.
It is not obvious that the merger is in the public interest, though the two firms certainly think it is.
“The parties’ activities are highly complementary and the deal would generate significant synergies and innovation and would be beneficial to customers,” says Essilor.
Featured News
DOJ Supports Colorado’s Efforts to Block Kroger-Albertsons Merger
May 7, 2024 by
CPI
Japan Considers Regulation of AI Developers
May 7, 2024 by
CPI
European Commission Extends Decision Deadline for Ita-Lufthansa Merger
May 7, 2024 by
CPI
UK, US and Australia Sanction Senior Leader of LockBit Cybercrime Gang
May 7, 2024 by
CPI
Spanish Startup Association Slams Microsoft’s Cloud Practices
May 7, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI