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Luxottica Group SpA (LUX.MI)

LUX.MI on Milan Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Tiffany Renews Luxottica License Agreement
Thursday, 14 Dec 2017 07:00am EST 

Dec 14 (Reuters) - Tiffany & Co ::TIFFANY & CO. STRENGTHENS EYEWEAR OFFERING WITH RENEWED LUXOTTICA LICENSE AGREEMENT.SAYS AGREEMENT IS SCHEDULED TO EXPIRE ON DECEMBER 31, 2027.  Full Article

Luxottica, Essilor tie-up approved by Canada antitrust
Tuesday, 28 Nov 2017 02:00am EST 

Nov 28 (Reuters) - Luxottica and Essilor say::PROPOSED COMBINATION APPROVED BY CANADIAN COMPETITION BUREAU.  Full Article

Luxottica to book 100 mln euro tax benefit in 2017 results
Friday, 24 Nov 2017 04:37am EST 

Nov 24 (Reuters) - Luxottica says::has signed agreement granting it tax relief under Italian 'Patent Box' regime.estimated tax benefit between 2015 and 2017 seen at about 100 million euros, to be reflected in 2017 results.  Full Article

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

RPT-Ferrari and Ray-Ban deemed a safer bet than Italian government bonds

LONDON, May 31 Italy's luxury carmaker Ferrari and Exor, the owners of Juventus football club, are among a host of companies that can now borrow money more cheaply than the country's crisis-hit government.