, the world’s largest eyewear company, has purchased a 5.1% stake in Nikon and is treating it as a “long-term financial investment to support the company and its management.”
While its name is less known by design, EssilorLuxottica is the largest company in the global eyewear space as it owns several brands like Ray-Ban, Oakley, Persol, and Vogue Eyewear, as well as the exclusive rights to produce eyewear with many high-end fashion names like Prada. It is also the parent company of LensCrafters, Pearle Vision, and Sunglass Hut as well as eyewear insurance company EyeMed.
“Nikon Essilor Co. Ltd is a wholesale company based out of Ryogoku, Tokyo Japan. The Nikon-Essilor partnership began in 2000 with a strong focus on innovation. Our mutual success has been fostered by addressing the challenges confronting visual corrections and improving quality of life,” the company describes itself.
“Our reputation is largely founded on our outstanding innovations, which continue to pave the way for the future of optics. Nikon-Essilor seeks to establish strong connections with partner opticians and customers through our common passion for pushing the limits of eyeglasses.” The 5.1% investment stake in Nikon by EssilorLuxottica equates to a 170 million euro investment and was revealed as part of a regulatory filing.