Essilor International Net Worth is7.7 12-Month Sales Growth (%)
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Company Name: Essilor International S.A. / company logo
Essilor International S.A. is a French company that produces ophthalmic lenses along with ophthalmic optical equipment. It is based in Paris, France, and quoted on the Euronext Paris Stock Exchange. As one of the 40 largest companies traded in Paris, it is a component of the CAC 40 share index.
Essilor is responsible for creating Varilux, the world's first progressive lens which corrects presbyopia and allows clear vision in the wearer's near, intermediate and far vision. The company formed from the merger of ophthalmic firms Essel and Silor in 1972. Essilor now operates in over 100 countries over five continents. Its activities are largely focused on research and development. It is the world's largest manufacturer of ophthalmic lenses, dominating the market on every continent, and Europe's fourth-largest medical equipment firm.
Essel was founded in 1849 (then-called La??Association Fraternelle des Ouvriers Lunetiers) as a small network of eyeglass assembly workshops in Paris. It quickly expanded in the late 19th and early 20th century through the acquisition of factories in nearby Parisian neighbourhoods and in Eastern France. Essel soon added frame design and trade to its activities. The firm successfully launched an innovative frame design in 1955 called Nylor which is still used today. The Nylor system introduced a thin nylon thread which embraces the lens and is fixed to the framea??s higher branch. Essel's major breakthrough came in 1959 with the revolutionary invention of Varilux, the first ophthalmic progressive lens.
Silor first started under the name Lissac in 1931 as a retailer of ophthalmic lenses and frames before becoming a lens manufacturer. In 1959, the same year Essel invented the progressive lens, Lissac made an important discovery of its own: the Orma 1000 lens, made from a lightweight and unbreakable material.
After many years as rivals, Essel and Silor merged on 1 January 1972 to form Essilor, the then third-largest ophthalmic optica

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Essilor International Latest News

Phase 2 review of Essilor and Luxottica merger

Singapore's competition watchdog has started the second phase of a review on the proposed €46 billion (S$73.2 billion) merger between French lens maker Essilor International and Italian eyewear manufacturer Luxottica Group. The first phase was completed ...
Posted: December 12, 2017, 8:31 pm

Essilor – News Release: Capital Increase Reserved for Employees

Charenton-le-Pont, France (December 12, 2017 – 6:00 p.m.) – At the Extraordinary General Meeting of May 11, 2017, shareholders of Essilor International (Compagnie Générale d’Optique) (“Essilor”) authorized the Board of Directors, within a 26 ...
Posted: December 12, 2017, 9:12 am

Europe Sets Pace for Global M&A as Politics Hurt U.S. Deals

The year started with some of the biggest European deals. French lensmaker Essilor International SA agreed to purchase Luxottica Group SpA, the Italian producer of Ray-Ban sunglasses, for about $24 billion. Johnson & Johnson bought Swiss biotech firm ...
Posted: December 12, 2017, 8:00 pm
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