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After many years as rivals, Essel and Silor merged on 1 January 1972 to form Essilor, then the world's third-largest ophthalmic optical firm. [1] Its first year of existence was marked by the creation of Valoptec, a non-trading company composed of stockholder managers who held half the company's capital stock, and the purchase of Benoist-Bethiot, a French lens manufacturer specializing in ...
He was appointed executive co-delegate in May 2019, and CEO in 2020. [7] In May 2021, Francesco Milleri was confirmed as EssilorLuxottica CEO. [ 1 ] On 28 June 2022, he was appointed chairman of EssilorLuxottica following Leonardo Del Vecchio's death, and in early June 2022, he was also appointed chairman of Del Vecchio's family holding company ...
Despite the merger being completed in 2018, the company still faced an internal leadership battle for control of the company, fought between old Essilor leadership and Del Vecchio, who went on to state in a March 2019 interview with Le Figaro that Essilor CEO Hubert Sagnières "only listened to himself", and had cost the company up to €600 million in savings from the merger.
Hubert Sagnières (born 10 May 1955 in Vienne, France), is a business executive of French and Canadian nationality. He was chairman and CEO of Essilor International from 2012 to 2018 [1] and became executive vice-chairman of EssilorLuxottica while keeping his role of chairman of Essilor International when Essilor merged with Luxottica in 2018.
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He became CEO in January 2018. [14] In 2018, Essilor merged with the Luxottica Group to become the largest eyewear retail group in the world. [15] In 2019, Clearly acquired Australian online retailer OzContacts. [16] In 2022, Coastal.com, the brand's U.S. based website, was merged into Eyebuydirect.com.
It is one of the largest franchised optical retailers in North America. The company was acquired by Luxottica (which has since merged with Essilor to form EssilorLuxottica), [2] an Italian eyewear company, in 2004. As of December 31, 2018, Pearle Vision operated 110 corporate stores and had 419 franchises throughout North America.
[6] [15] Essilor had previously purchased Framesdirect.com in 2010. [6] [15] Hessel was retained as Eyebuydirect CEO. [6] Eyebuydirect redesigned and relaunched its website in April 2014. [16] Eyebuydirect introduced EyeZen digital screen protection lenses from Essilor as an option to customers in 2016. The company still sells EBD Blue lenses. [17]