EssilorLuxottica and Meta Will the Synergy Flourish Reema Khurana Susmi Routray
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A few years ago, the optic industry was faced with a new and unexpected threat to its dominance. It was an unproven and disruptive entrant to the market – Meta. And yet, the market has been clamoring for a break-up of EssilorLuxottica. This essay is my attempt to analyze the proposed merger of EssilorLuxottica with Meta as a part of BCG’s matrix analysis. I will first outline a few key differences between the two companies. EssilorLuxottica (Essilor)
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The company essilorluxottica is an international group operating in the eyewear industry since its foundation in 1961. It is a pioneer in the development of glasses for different lens correction and a market leader in the sale of optical products and lenses for consumers’ eyesight, and it also has a significant share in the retail sale of optics, prescription glasses and sunglasses for the general population. Its strategy has been focused on three main areas: acquisitions, diversification and expansion into new markets.
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EssilorLuxottica (ELX) is the world’s largest eyewear company, with over 1,700 stores and 42,000 employees in 137 countries. It is traded on Euronext Paris (LX.PA) and in New York Stock Exchange (Essilor). The company operates in the glasses, sunglasses, and lenses markets. The synergy between the company’s core business of eyewear and the acquisition of Luxottica has created
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In this essay, I am going to describe the EssilorLuxottica and Meta agreement to increase efficiency, promote innovation, reduce costs, and expand geographic reach. EssilorLuxottica is a leading eyewear company operating worldwide with operations in 57 countries. Go Here The company offers various products, including glasses, sunglasses, and contact lenses. EssilorLuxottica was founded in 2010 and currently operates in 57 countries with around 170,000 employees.
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EssilorLuxottica, the eyewear business of Luxottica, one of the world’s largest eyewear conglomerates, and Meta, a social media platform, are collaborating to expand its market reach through a joint venture. The synergy that can be created by the collaboration of these two entities will help bring in significant synergies to EssilorLuxottica. This collaboration will create a direct competitive advantage and give the combined entity the ability to offer superior service and products to its customers. One of the
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In this world of hyper-consumerism, where the consumer always demands and demands more, it is easy to lose sight of the simple things. But, EssilorLuxottica, the largest optical group in India, is reminding us of what’s worth it. EssilorLuxottica—a subsidiary of Swiss giant Sunglasses giant Luxottica—makes frames for eyewear. Essilor is a French conglomerate that has its roots in Europe. Luxottica, on the other hand, is
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EssilorLuxottica is a leading global eyewear company, which is part of the Luxottica Group. The company has established itself as a leader in the field of lens manufacturing and design, selling branded and private-labeled products for people in the US, Europe, China, Russia, and the Middle East. EssilorLuxottica is one of the top players in the eyewear industry with its branded and private-labeled products. The company is focused on designing and developing eco-friendly lenses, and
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My most recent exposure to EssilorLuxottica was during the launch of its lens for the Nokia 1200 smartphone. The company’s product development team worked in partnership with Nokia to develop this “first-ever smartphone for the Indian market”. We were invited to the event by Nokia’s senior leadership team to understand the market dynamics. After the product launch, I was part of an internal team, headed by the head of marketing, to review the marketing and promotional activities. We