The all share deal is one of Europe’s largest cross border tie ups and brings together Luxottica, the world’s top spectacles maker with brands such as Ray Ban and Oakley, with leading lens manufacturer Essilor.”Finally. Two products which are naturally complementary namely frames and lenses will be designed, manufactured and distributed under the same roof,” Luxottica’s 81 year old founder Leonardo Del Vecchio said in a statement on Monday. ET), with Essilor up 12.2 percent at 114.60 euros.The merger between the top players in the 95 billion eyewear market is aimed at helping the businesses to take full advantage of expected strong demand for prescription spectacles and sunglasses due to an aging global population and increasing awareness about eye care.Jefferies analysts estimate that the market is growing at between 2 percent and 4 percent a year, while Luxottica and Essilor say that at least 2.5 billion people in the world still suffer from uncorrected vision problems.The deal also removes for now at least uncertainty over succession at Luxottica, which has lost three CEOs since 2014 because of rifts with Del Vecchio.”The strategic rationale is strong,” JPMorgan Cazenove analysts said in a note https://www.cheapjerseyss.top, adding that the deal defuses the risk of growing competition between two groups that had been encroaching on each other’s areas of expertise in recent years, with Essilor buying online retailers and Luxottica investing in lens manufacturing.Both companies have been grappling with slowing sales growth, hit by weakness in North America, and face rising competition from cheaper rivals and the challenge of online distribution.While Asia and Latin America are seen by the companies as potential growth markets wholesale nfl jerseys from china, e commerce will also be a top priority.Luxottica’s third quarter results had showed revenue from its online platforms grew by 18 percent, with the company stating that e commerce had been targeted as an area for accelerated growth in 2017.
Although he wouldn’t divulge the secret, he did say that a blend of five or six different spices was the key to the unique flavor profile.More news from Amsterdam Falafelshop, including locations, as we receive it.Follow Laine Doss on Twitter, Facebook, and Instagram.Laine Doss is the food and spirits editor for Miami New Times, covering the restaurant and bar scene in South Florida. She has been featured on Cooking Channel’s Eat Street and Food Network’s Great Food Truck Race. Doss won an Alternative Weekly award for her feature on what it’s like to wait tables.
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