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Luxottica Group SpA (LUX.MI)

LUX.MI on Milan Stock Exchange

48.10EUR
21 Nov 2017
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Latest Key Developments (Source: Significant Developments)

ACCC says won't oppose proposed Essilor and Luxottica merger
Wednesday, 25 Oct 2017 07:16pm EDT 

Oct 26 (Reuters) - ACCC::Decided to not oppose the proposed merger between Essilor International (Essilor) and Luxottica Group S.P.A‍​.  Full Article

Essilor looks at European Commission probe "with serenity and confidence"
Tuesday, 24 Oct 2017 05:21am EDT 

Oct 24 (Reuters) - Essilor International ::Essilor Chief Operating Officer Laurent Vacherot says group looks at European Commission probe into planned merger with Luxottica <<>> "with serenity and confidence".  Full Article

Luxottica CEO confident on 2017 guidance
Monday, 23 Oct 2017 01:51pm EDT 

Oct 23 (Reuters) - Luxottica Group::CEO Massimo Vian says confidence in reaching 2017 guidance is high... "we will do all that is in our power to reach it".CFO says sees acceleration in North America business in fourth quarter.  Full Article

Essilor reports progress of combination with Luxottica
Tuesday, 26 Sep 2017 12:15pm EDT 

Sept 26 (Reuters) - ESSILOR SA ::REG-NEW RELEASE: FURTHER PROGRESS IN THE PROPOSED COMBINATION BETWEEN ESSILOR AND LUXOTTICA.CONFIRMS THAT THE EUROPEAN COMMISSION HAS INITIATED A PHASE II REVIEW OF PROPOSED COMBINATION OF ESSILOR AND LUXOTTICA‍​.COMPANIES REAFFIRM THE OBJECTIVE TO CLOSE THE TRANSACTION AROUND THE END OF THE YEAR, IN COOPERATION WITH THE RELEVANT AUTHORITIES.  Full Article

Shares in Luxottica up 1 pct after H1 results
Tuesday, 25 Jul 2017 03:09am EDT 

July 25 (Reuters) - Luxottica::Shares open up 1.25 percent after H1 results show slight EBIT beat despite muted sales growth."A mixed second quarter from Luxottica," Jefferies analysts say in a note. "Stripping out M&A boost would translate into fractionally negative year-on-year sales for Q2. The EBIT delivery is slightly ahead of estimates at 899 million euros." .  Full Article

Essilor: antitrust process update for proposed combination between Essilor and Luxottica
Monday, 24 Jul 2017 12:00pm EDT 

July 24 (Reuters) - ESSILOR SA : :REG-NEWS RELEASE: ANTITRUST PROCESS UPDATE FOR THE PROPOSED COMBINATION BETWEEN ESSILOR AND LUXOTTICA.‍IN U.S. AND CANADA, ANTITRUST INVESTIGATION HAS ENTERED PHASE OF A SECONDARY REQUEST​.‍IN CHINA PROPOSED TRANSACTION IS UNDER MOFCOM'S REVIEW AND NOTIFICATION ACCEPTANCE IS EXPECTED SHORTLY​.‍IN EUROPE TWO COMPANIES EXPECT TO BE ABLE TO FORMALLY NOTIFY TRANSACTION IN COMING WEEKS​.‍TWO COMPANIES HAVE ALREADY RECEIVED CLEARANCE IN RUSSIA AND INDIA​.‍TWO COMPANIES' SHARED OBJECTIVE IN COOPERATION WITH RELEVANT AUTHORITIES IS TO CLOSE ANTITRUST PROCESS AROUND END OF YEAR​.  Full Article

Beni Stabili to sell to Luxottica Group offices for about EUR 114.5 mln
Tuesday, 27 Jun 2017 11:47am EDT 

June 27 (Reuters) - BENI STABILI SPA ::SIGNS BINDING AGREEMENT TO SELL TO LUXOTTICA GROUP SPA AN ASSET OF 11,705 SQM OF OFFICES LOCATED IN MILAN VIA SAN NICOLAO FOR ABOUT €114.5 M.PRICE FOR ASSET IS ABOVE BOOK VALUE AND IMPLIES A NET EXIT YIELD OF 4.2% BASED ON A RESIDUAL LEASE MATURITY OF ABOUT 4 YEARS.  Full Article

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

UPDATE 1-EU regulators suspend Luxottica, Essilor probe, await data

BRUSSELS/MILAN, Nov 3 EU antitrust regulators have suspended an investigation into the $54 billion merger between French glasses group Essilor and Italy's Luxottica after the companies failed to provide requested data.