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 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...
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I hope they can see their way clear to an amiable settlement.
Another brand goes belly up, no surprise when you can buy the same quality product far cheaper with free shipping online!
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