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In January 2017, Essilor and Luxottica announced the merger of their activities. After having received the necessary authorizations from the competition authorities of the United States, the European Union, Brazil, Canada and China, EssilorLuxottica was created on 1 October 2018. [5]
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Luxottica's market power has allowed it to charge price markups of up to 1000%. [9] In January 2017, Luxottica announced its merger with Essilor, in which Essilor would buy Luxottica while Del Vecchio would become executive chairman of the combined company, as well as co-lead the company with then-Essilor CEO Hubert Sagnières.
Essilor merged with Luxottica in 2018 to form EssilorLuxottica, thus making Clearly a subsidiary of the new entity. [1] Clearly is one of the largest online contact lens retailers in North America, and the largest seller of prescription eyeglasses online in the world.
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