Streetbeat News

ESLOF

EssilorLuxottica

https://www.essilorluxottica.com/

Industry

Ophthalmic Goods Manufacturing

Open

241.91

Mkt cap

110B

Volume

High

241.91

P/E Ratio

43.05

52-wk high

249.14

Low

241.51

Div yield

0.02

52-wk low

183.71

EssilorLuxottica and Meta Platforms have extended their partnership to develop smart eyewear, continuing their collaboration since 2019. The partnership has already produced two generations of Ray-Ban smart glasses, which are in high demand globally.

Portfolio Pulse from Lekha Gupta

September 17, 2024 | 10:57 am

Eleven mid-cap stocks performed exceptionally well last week (July 14-July 20). Key performers include Virtu Financial, V.F. Corporation, New Fortress Energy, Riot Platforms, Clarivate, AMN Healthcare Services, BankUnited, Marathon Digital Holdings, eXp World Holdings, Zeta Global Holdings, and NCR Atleos Corporation.

Portfolio Pulse from Lekha Gupta

July 21, 2024 | 4:07 pm

V.F. Corporation (NYSE:VFC) shares surged after announcing the sale of its Supreme brand to EssilorLuxottica (OTC:ESLOF) for $1.5 billion in cash. The transaction is expected to close by the end of 2024 and will dilute VFC's earnings per share in FY25. The sale provides VFC with increased balance sheet flexibility and supports long-term growth.

Portfolio Pulse from Lekha Gupta

July 17, 2024 | 3:39 pm

EssilorLuxottica has agreed to acquire the Supreme brand from VF Corporation for $1.5 billion in cash. The transaction is expected to close by the end of CY2024, pending customary closing conditions and regulatory approvals. Supreme operates a digital-first business and 17 stores across the U.S., Asia, and Europe.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 10:07 am

Eastman Kodak Co (KODK) has signed a perpetual, global brand licensing deal with Essilorluxottica (ESLOF, ESLOY). The deal, effective from January 1, 2024, grants EssilorLuxottica exclusive rights to use the Kodak registered trademarks for its products and services. The financial terms of the deal were not disclosed. Following the news, KODK shares rose by 2.22%.

Portfolio Pulse from Lekha Gupta

July 27, 2023 | 6:09 pm

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