{"id":50947,"date":"2017-01-16T11:30:44","date_gmt":"2017-01-16T18:30:44","guid":{"rendered":"http:\/\/www.boardistan.com\/?p=50947"},"modified":"2017-01-16T11:30:44","modified_gmt":"2017-01-16T18:30:44","slug":"luxottica-gets-even-larger-with-essilor","status":"publish","type":"post","link":"http:\/\/www.boardistan.com\/?p=50947","title":{"rendered":"Luxottica Gets Even Larger With Essilor"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-thumbnail wp-image-50949\" src=\"http:\/\/www.boardistan.com\/wp-content\/uploads\/2017\/01\/EssilorLuxottica_t286a-200x83.png\" alt=\"\" width=\"200\" height=\"83\" srcset=\"http:\/\/www.boardistan.com\/wp-content\/uploads\/2017\/01\/EssilorLuxottica_t286a-200x83.png 200w, http:\/\/www.boardistan.com\/wp-content\/uploads\/2017\/01\/EssilorLuxottica_t286a.png 274w\" sizes=\"(max-width: 200px) 100vw, 200px\" \/>As if <strong>Oakley&#8217;s<\/strong>&nbsp;corporate parent&nbsp;<strong>Luxottica<\/strong> couldn&#8217;t get any larger, the company today announced that it has merged with French optics giant <a href=\"https:\/\/www.essilor.com\/en\/\"><strong>Essilor<\/strong><\/a> in a deal reportedly worth $49 billion, according to a story in the <a href=\"http:\/\/www.ocbj.com\/news\/2017\/jan\/16\/oakley-parent-combine-french-brand\/\"><strong>Orange County Business Journal<\/strong><\/a>.<\/p>\n<blockquote><p>The $49 billion deal, expected to close in the second half of the year, will create \u201cEssilorLuxottica,\u201d with total revenue of about $16 billion and more than 140,000 employees. Luxottica\u2019s Executive Chairman <strong>Leonardo Del Vecchio<\/strong> will serve as executive chairman and chief executive, while Essilor Chairman and Chief Executive <strong>Hubert Sagni\u00e8res<\/strong> will be appointed executive vice-chairman and deputy chief executive of the new entity.<\/p><\/blockquote>\n<p>Thanks to the new deal, Oakley is now siblings with <strong><a href=\"https:\/\/fostergrant.com\">Foster Grant<\/a>&nbsp;<\/strong>as well as nearly every other eyewear brand and retail outlet on the planet. Guess they&#8217;ve got the entire spectrum covered now.<\/p>\n<p><strong>[Link: <a href=\"http:\/\/www.ocbj.com\/news\/2017\/jan\/16\/oakley-parent-combine-french-brand\/\">OCBJ<\/a>]<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>As if Oakley&#8217;s&nbsp;corporate parent&nbsp;Luxottica couldn&#8217;t get any larger, the company today announced that it has merged with French optics giant Essilor in a deal reportedly worth $49 billion, according to a story in the Orange County Business Journal. The $49 billion deal, expected to close in the second half of the year, will create \u201cEssilorLuxottica,\u201d [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[10,12],"tags":[],"_links":{"self":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/50947"}],"collection":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=50947"}],"version-history":[{"count":1,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/50947\/revisions"}],"predecessor-version":[{"id":50950,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/50947\/revisions\/50950"}],"wp:attachment":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=50947"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=50947"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=50947"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}