Organization
EssilorLuxottica
Franco-Italian eyewear group formed in 2018 from Essilor and Luxottica; listed in Paris.
- Also known as
- EL
- The Frame20 scenes
- Family Hands20 scenes
- Who is behind EssilorLuxottica?3 links
- How are EssilorLuxottica and … connected?
Turkish investigation begun 2021
- Sanctioned by Turkish Competition Authority: breach of its exclusivity commitment and abusive bundling; fine of TRY 492 million 5Under appeal. EssilorLuxottica says it strongly disagrees with the findings.
Connections 14
chaired by
- Leonardo Del Vecchio until 27 Jun 2022 Chairman Scholarship & press 6
sanctioned by
-
Turkish Competition Authority
18 Aug 2023
breach of its exclusivity commitment and abusive bundling; fine of TRY 492 million
Primary record
5
Under appeal. EssilorLuxottica says it strongly disagrees with the findings.
stakeholders
-
Meta Platforms
2025 –
3%, as of 9 Dec 2025
Scholarship & press
34
Reported by Bloomberg in July 2025 as just under 3%, and confirmed in December as at least 3% by a member of EssilorLuxottica’s board. Neither company had commented publicly then. Not a filing.
-
Delfin
32.26%, as of 31 Dec 2024
Primary record
12
Delfin held 31.4% of voting rights. Voting rights are capped at 31% for any shareholder under a formula in the company’s by-laws. The public held 63.14% of shares.
acquired
developed
- Ray-Ban Meta glasses with Meta Platforms Primary record 35
involved in
- The French fine on Essilor (2022) fined €81 million; appealed to the Cour de cassation on 13 January 2025 Primary record 5
-
In re Eyewear Antitrust Litigation: motion to dismiss granted (2025)
defendant; denied the accusations
Primary record
1112
The court tested what the plaintiffs alleged, not proof. It found the markets they described not plausibly defined, and gave them until 17 October 2025 to file one last amended complaint. The later docket was not checked for this story. EssilorLuxottica entities face other class actions it disputes.
- European review of EssilorLuxottica’s purchase of GrandVision (2021) buyer Primary record 7
- Open competition inquiries into EssilorLuxottica (mid-2025) cooperating, in its own words Primary record 5
- 60 Minutes “Sticker Shock” (2012) for comparison, the group’s own filed gross profit for the first half of 2025, 63.4% of revenue, covering lenses, frames and stores, not a markup per pair Primary record 5
includes
Timeline 7 dates
- 2018 Essilor part of EssilorLuxottica
- 2018 Luxottica part of EssilorLuxottica
- 2021 EssilorLuxottica acquired GrandVision
- until 27 Jun 2022 Leonardo Del Vecchio chair of EssilorLuxottica
- 18 Aug 2023 EssilorLuxottica sanctioned by Turkish Competition Authority
- 2 Oct 2024 EssilorLuxottica acquired Supreme
- 2025 – Meta Platforms owns a stake in EssilorLuxottica
Proof 13 sources
-
EssilorLuxottica (credit report, 9 October 2025), S&P Global Ratings, 9 Oct 2025.
Scholarship & press
Delfin (Del Vecchio family holding): 32.26% of shares (31.4% voting rights);
-
Disclosure of Share Capital and Voting Rights Outstanding as of January 31, 2026, EssilorLuxottica, 10 Feb 2026.
Primary record
voting rights are capped at 31%, applicable to any shareholder, in accordance with a formula contained in article 23
-
Meta acquires stake in EssilorLuxottica, FashionUnited, 9 Jul 2025.
Scholarship & press
Bloomberg reported on Tuesday that the US company has acquired a stake of just under three percent for approximately three billion euros.
Together, they developed a frame with a camera and speakers, which is an important building block for Meta's AI future.
-
Meta Increases its Stake in EssilorLuxottica and Accelerates Smart Glasses Development, Luxury Tribune, 10 Dec 2025.
Scholarship & press
A member of the Franco-Italian group's board of directors confirmed yesterday, December 9, that Meta—the parent company of Facebook, Instagram, and WhatsApp—holds at least 3% of the capital of the high-end eyewear and frames specialist.
-
Interim Financial Report 2025, EssilorLuxottica, 2025.
Primary record
the Group was sentenced by the Turkish Competition Authority to a TRY 492 million fine on August 18, 2023 for breach of its exclusivity commitment and abusive bundling.
Following the category-defining success of Ray-Ban Meta, the #1 selling AI glasses in the world which had sold millions of units since launch
Following lengthy proceedings against Essilor International, the Group was sentenced by the French Competition Authority to a €81 million fine on October 6, 2022
On January 13, 2025, the Group filed an appeal with the Supreme Court (Cour de cassation)
The Group is cooperating with the relevant authorities in connection with these ongoing investigations.
ended at €8,896 million, representing 63.4% of revenue.
-
Italian billionaire Leonardo Del Vecchio, luxury eyewear maker for Prada and Chanel, dies at 87, The Globe and Mail (Associated Press), 27 Jun 2022.
Scholarship & press
EssilorLuxottica announces with deep sorrow the passing of Chairman Leonardo Del Vecchio
its name reflecting a deal forged several years ago between Luxottica and French-based lensmaker Essilor
-
Commission clears acquisition of GrandVision by EssilorLuxottica, subject to conditions, European Commission, 23 Mar 2021.
Primary record
The European Commission has approved, under the EU Merger Regulation, the proposed acquisition of GrandVision by EssilorLuxottica.
The approval is conditional on full compliance with commitments offered by EssilorLuxottica.
-
European Commission clears EssilorLuxottica’s acquisition of GrandVision, Optometry Today (Association of Optometrists), 26 Mar 2021.
Scholarship & press
The approval is conditional on the divestment of some of EssilorLuxottica’s optical retail businesses in Belgium, the Netherlands and Italy – totalling around 350 stores – to address competition concerns in the optical retail market.
-
EssilorLuxottica Completes Acquisition of Supreme from VF Corporation, VF Corporation, 2 Oct 2024.
Scholarship & press
announced that it has successfully closed the previously announced transaction to acquire the Supreme® brand from VF Corporation
-
Supreme acquired by eyewear giant EssilorLuxottica, FashionUnited, 17 Jul 2024.
Scholarship & press
Eyewear giant EssilorLuxottica has acquired New York-born streetwear brand Supreme in a deal worth 1.5 billion dollars
-
In re Eyewear Antitrust Litigation, 1:24-cv-4826 (S.D.N.Y.), Opinion and Order granting motion to dismiss, U.S. District Court, Southern District of New York, 26 Sep 2025.
Primary record
Defendants’ motion to dismiss is GRANTED. Plaintiffs’ Amended Complaints are dismissed with leave to replead.
It is not illegal for a business to be enormous, and enormously successful, so long as it does not engage in anticompetitive conduct.
-
EssilorLuxottica Defeats Consumer Lawsuits Alleging Monopoly Practices, Competition Policy International (reporting Reuters), 28 Sep 2025.
Scholarship & press
nothing more than a contention that building a successful company over many decades is unlawful.
-
Essilor and Delfin successfully complete the combination of Essilor and Luxottica by creating EssilorLuxottica, EssilorLuxottica.
Primary record
Essilor and Delfin successfully complete the combination of Essilor and Luxottica by creating EssilorLuxottica, a global leader in the eyecare and eyewear industry
Page history 1 change
- Add 55 stories, each checked against its sources96e92fe6
Something wrong or missing? Tell us, with a source, or edit this page.