Executive Quarrel Trips Up Eyewear Giant Months After Merger - News Summed Up

Executive Quarrel Trips Up Eyewear Giant Months After Merger


PARIS—The eyewear giant that owns Ray-Ban, LensCrafters and dozens of other brands is in turmoil as a public fight broke out between top executives over control of the company, just six months after they created it in a merger of equals. Shares of EssilorLuxottica SA, the world’s leading eyewear company with more than €16 billion ($18.26 billion) in annual revenue, fell 6.6% on Thursday in Paris after a top executive, the Italian billionaire Leonardo Del Vecchio, accused other executives of violating the pact that created...


Source: Wall Street Journal March 21, 2019 19:10 UTC



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