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Ray-Ban and Oakley owner in US$49b merger with Essilor

Combined company, to be known as EssilorLuxottica, will be the biggest player in the eyewear market

Luxottica, which makes eyeglasses and sunglasses under various brands, and lens-maker Essilor are the two largest players in the sector.


ESSILOR of France said on Monday that it would merge with the Luxottica Group of Italy - owner of the Ray-Ban and Oakley brands - in a US$49 billion deal that would create a giant in the eyewear industry.

The combined company, to be known as EssilorLuxottica, would be the...

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