EssilorLuxottica SA, a major player in the global eyewear market, has reached a significant milestone by exceeding a market value of €100 billion ($108 billion). This achievement fulfills the vision of the company's late founder, Leonardo Del Vecchio, who aimed to reach this target in order to secure the long-term success of the eyewear giant he established over 60 years ago.
Del Vecchio's legacy includes the merger of Luxottica with French competitor Essilor, a strategic move that solidified the company's dominant position in the industry. The attainment of this €100 billion valuation is a significant moment for EssilorLuxottica, reflecting both the founder's ambition and the company's strong standing in the market.