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Essilor International is a French multinational corporation specialized in the design, manufacture and sale of corrective lenses and ophthalmic optical equipment. [1] Founded in 1972 out of the merger of two French companies operating in the sector, Essel and Silor , [ 2 ] it is headquartered in Charenton-le-Pont , near Paris .
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. [10] [11] The combined entity would command more than one quarter of global value sales of eyewear.
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), 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.
In 2014, French lens manufacturer Essilor acquired Coastal.com and appointed Roy Hessel as CEO. [9] Hessel, a former venture capitalist, founded online eyewear retailer Eyebuydirect in 2005. Aside with his role with Clearly, Roy Hessel is also since 2016 VP of America for the Essilor Online division.
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French Varilux Logo. Varilux is a brand name belonging to Essilor International, a producer of corrective lenses.The first version of the lens was invented by Bernard Maitenaz and released in 1959, and was the first modern progressive lens to correct presbyopia.
[citation needed] In 1990 PPG founded Transitions Optical as a joint venture with Essilor. [6] In October 2000, PPG Industries announced it had agreed to buy Courtaulds Aerospace for $512.5 million. [7] Based in Glendale, California, the aerospace business has annual sales of approximately $240 million, employs 1,200 people.