EssilorLuxottica and Meta
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EssilorLuxottica is a world-leading manufacturer of glasses, lenses, and contact lenses. I have a first-hand experience with EssilorLuxottica. In 2016, I was a customer at the Bamboo, EssilorLuxottica’s flagship store located in Vibhor Kumar’s (our boss) bachelorhood, located at JJP Chowdary’s (me, our customer) residence in Bangalore. As soon as I stepped
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(Slide 1: Title slide — “Topic: EssilorLuxottica and Meta” — 80% slides). Slide 2: The company’s mission (45% slides). Slide 3: Company’s vision (12% slides). Slide 4: Company’s history (30% slides). Slide 5: Key points about the company (15% slides). Slide 6:
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EssilorLuxottica: a case of unipolar growth and market segmentation EssilorLuxottica is the largest provider of prescription eyeglasses in the world, having a 36% share of the worldwide market in 2019. Their dominant position is mainly due to their presence in a few key markets — Europe, North America, and Asia-Pacific (APAC) — where they are number one. Meta: a company that has experienced a surge of growth in recent years Meta
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In the summer of 2014, I had the privilege to write for EssilorLuxottica. My assignment was to analyze and develop a comprehensive case study of Essilor’s performance, including its strategy, marketing, sales, and finance. discover this info here Firstly, EssilorLuxottica was founded in France by Jacques de Rollon and Robert Scherer, and since then the company has been known as a major player in the eyewear industry worldwide. Essilor’s marketing strategy is a game-changer
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EssilorLuxottica is a large multinational company, which creates, manufactures, and markets optical products. Their headquarters are based in Saint-Leu d’Eu, France. They own the largest lenses manufacturing facilities in the world and provide spectacle frames for presbyopic patients. Their market capitalization is $27.7 billion. Their biggest rival is Essilor of America, which is the United States’ largest eyewear company. Essilor is owned by the Oval Orbital Vision Holding Company
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In a recent quarter, EssilorLuxottica reported a strong second quarter with earnings surging 34% in the past twelve months. They are the world’s largest optics company and sell a wide range of eyewear. Their revenue surged to $2.6 billion, up 13% from a year ago. The company added a 20% stake in the British eyewear brand Persol, for $1.8 billion, giving them a global presence and a key eyewear player. I was hired by a
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The eyewear industry has been experiencing a transformation for the past few years. The Covid-19 pandemic forced the closure of many optical stores, and the online and mail-order channels have seen an enormous growth in consumer preferences. The trend is continuing and nowhere is this more evident than in the eyewear industry. Retail sales of lenses in contact lenses are up 13% YOY (Source: BDH, Oct 2021) and the lens division of EssilorLuxottica is