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Luxottica Group SpA (LUX.N)

LUX.N on New York Stock Exchange

60.31USD
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$-0.34 (-0.56%)
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$60.65
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$60.64
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$60.27
Volume
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$60.92
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Latest Key Developments (Source: Significant Developments)

Luxottica says to delist from New York stock exchange
Tuesday, 16 May 2017 04:04pm EDT 

May 16 (Reuters) - Luxottica says::to voluntarily delist from New York Stock Exchange (NYSE) after trading volumes have shifted significantly to the Italian market.decision to delist from NYSE does not affect the group's strategic vision for the United States, a core market.such move expected to generate cost savings and will allow for greater efficiencies in light of pending combination with Essilor.to initiate delisting from the NYSE with a SEC filing on or about June 6, delisting of American Depositary Shares should become effective 10 days after such filing.  Full Article

Essilor shareholders approve the combination between Essilor and Luxottica
Thursday, 11 May 2017 12:31pm EDT 

May 11 (Reuters) - ESSILOR SA :REG-NEWS RELEASE: ESSILOR SHAREHOLDERS APPROVE THE COMBINATION BETWEEN ESSILOR AND LUXOTTICA.ESSILOR'S DIVIDEND SET AT EUR 1.50 PER SHARE, UP 35%.  Full Article

Luxottica shares fall 2 pct after sales figures
Monday, 1 May 2017 10:30pm EDT 

May 2 (Reuters) - Luxottica::Shares down more than 2 percent in early trade after sales figures.The world's largest eyewear group said like-for-like sales fell 3.5 percent in the first quarter, hit by a recently introduced policy of reducing discounts and promotions online and across its retail network. nL8N1I07VI.  Full Article

Luxottica says comparable store sales fell 3.5 percent in Q1 2017
Friday, 28 Apr 2017 12:00pm EDT 

April 28 (Reuters) - Luxottica Group Spa ::says in presentation slide after Q1 results that retail comparable store sales fell 3.5 percent in the first three months of the year .  Full Article

Luxottica sees U.S. full-year sales rising 1-2 pct - slide
Friday, 28 Apr 2017 11:51am EDT 

April 28 (Reuters) - Luxottica Group Spa says in a presentation on first quarter results::Sees North America sales growing 1-2 percent in full year 2017 at constant exchange rates .Full-year sales in Europe seen rising 6-8 percent at constant exchange rates.  Full Article

Luxottica chairman confirms 2017 guidance, sees improvement next year
Friday, 28 Apr 2017 07:31am EDT 

April 28 (Reuters) - Luxottica founder and executive chairman Leonardo Del Vecchio tells shareholder meeting::confirms 2017 guidance.sees improvement next year, with profits rising at double the rate of revenues' growth.  Full Article

Luxottica's Del Vecchio says would be happy if company was not de-listed
Friday, 28 Apr 2017 06:14am EDT 

April 28 (Reuters) - Luxottica Group Spa's founder Leonardo Del Vecchio tells shareholder meeting: :would be happy if company was not de-listed from Milan bourse after Essilor's mandatory exchange offer .  Full Article

Essilor says will continue to examine bolt-on acquisition opportunities
Tuesday, 25 Apr 2017 04:50am EDT 

April 25 (Reuters) - Essilor ::Says company will continue to examine bolt-on acquisition opportunities.Earlier this year, Essilor and Luxottica unveiled a merger plan of 46 billion euros to create a global eyewear powerhouse with annual revenue of more than 15 billion euros nL5N1F50X1.  Full Article

France waives mandatory bid obligation in Essilor-Luxottica merger
Wednesday, 12 Apr 2017 12:45pm EDT 

EssilorLuxottica: French market watchdog waives mandatory bid obligation for Leonardo Del Vecchio's holding company Delfin in Essilor-Luxottica merger - document . Merger deal will hand Delfin 38.99 percent stake in EssilorLuxottica, above a 30 percent threshold that under French law would automatically trigger a buyout offer Further company coverage: [ESSI.PA] [LUX.MI] (Reporting by Milan Newsroom).  Full Article

Luxottica CFO sees retail margins improving in 2017
Thursday, 2 Mar 2017 04:49am EST 

Luxottica Group CFO Stefano Grassi tells analyst call: Retail performance will improve in 2017 from a margin standpoint, many stores opened in 2016 will become profit accretive in the second half of 2017 . In 2016 Luxottica's adjusted operating margin for the retail segment fell by 100 basis points, hit by investments in digitalization and shop openings Further company coverage: [LUX.MI] (Reporting by Milan Newsroom).  Full Article

More From Around the Web

BRIEF-Essilor shareholders approve the combination between Essilor and Luxottica

* REG-NEWS RELEASE: ESSILOR SHAREHOLDERS APPROVE THE COMBINATION BETWEEN ESSILOR AND LUXOTTICA