London Escorts sunderland escorts asyabahis.org dumanbet.live pinbahiscasino.com www.sekabet.net olabahisgir.com maltcasino.net faffbet-giris.com asyabahisgo1.com dumanbetyenigiris.com pinbahisgo1.com sekabet-giris2.com www.olabahisgo.com maltcasino-giris.com www.faffbet.net www.betforward1.org betforward.mobi www.1xbet-adres.com 1xbet4iran.com www.romabet1.com www.yasbet2.net www.1xirani.com romabet.top www.3btforward1.com 1xbet 1xbet-farsi4.com بهترین سایت شرط بندی بت فوروارد
8.1 C
Munich
Sunday, November 3, 2024

Why is Ray-Ban the King of Sunglasses?

Must read

Torrevieja’s Armistice Day Service

Mission Statement: to assist the integration of foreign residents living in Spain By Anna Ellis • Published: 03 Nov 2024 • 10:01...

AC Hotels to transform a historic building in Cartagena

Mission Statement: to assist the integration of foreign residents living in Spain By Catherine McGeer • Published: 03 Nov 2024 • 7:07...

Madrid rents skyrocket

Mission Statement: to assist the integration of foreign residents living in Spain By Adam Woodward • Published: 03 Nov 2024 • 0:48...

Psychological risks of human-AI chatbot relationships

Mission Statement: to assist the integration of foreign residents living in Spain By Johanna Gardener • Published: 02 Nov 2024 • 17:48...

When you think of sunglasses, Ray-Ban is probably the first name that comes to mind. But did you know this iconic brand is just a small piece of a much larger picture? Ray-Ban, celebrated for its stylish eyewear, is part of EssilorLuxottica, the world’s biggest eyewear company. Today, let’s dive into why this company is making headlines and why it’s worth your attention.


Ray-ban EssilorLuxottica investing
Summer Shades and Sunglasses: A Hot Topic

As summer heats up, sunglasses become more than just a fashion statement—they re a necessity. From beach days to city strolls, everyone’s sporting shades to protect their eyes from the blazing sun. Chances are, you or someone you know owns a pair of Ray-Ban. They ve become synonymous with cool, classic eyewear. As previously mentioned, Ray-Ban is owned by EssilorLuxottica, a behemoth in the eyewear industry. This isn’t just any company; it’s a global giant with a portfolio of brands that would make your head spin.


Ray-ban EssilorLuxottica investing
Brand Empire : Who is EssilorLuxottica

EssilorLuxottica doesn’t just own Ray-Ban; it controls an impressive portfolio of 150 brands. This includes both proprietary brands like Oakley and licensed ones like Dolce Gabbana, Burberry, and Prada. This massive collection places EssilorLuxottica at the forefront of the eyewear market, holding a dominant 47 per cent market share globally and 36 per cent in Europe.


Ray-ban EssilorLuxottica investing
A Brief History of EssilorLuxottica

EssilorLuxottica was born from the merger of two giants: Essilor and Luxottica. Luxottica was founded by Leonardo Del Vecchio in 1961. Del Vecchio started out young, making eyewear and supporting his family. His company grew and eventually merged with Essilor, a French company, in 2018. Today, EssilorLuxottica is a global leader in eyewear, with 49,000 employees and a solid market presence.


Ray-ban EssilorLuxottica investing
Financial Snapshot: Stability and Growth

EssilorLuxottica’s financials reflect its strong position. The company’s revenue has steadily grown from €24 billion in 2022 to €26 billion in 2024. Their debt is manageable, and they offer a modest dividend of about 2 per cent, which is expected to rise. With a market capitalization of around €6.28 billion, investing in EssilorLuxottica might seem appealing, especially with their strategic acquisitions and strong market position.


Ray-ban EssilorLuxottica investing
A Hot Acquisition: Supreme and EssilorLuxottica

Just recently, EssilorLuxottica made waves by acquiring the coveted streetwear brand, Supreme. This move sent shockwaves through the fashion industry and the financial world alike. The deal was worth a cool $1.5 billion, a significant chunk of VF Corporation s value.


But why would an eyewear company want to buy a streetwear brand? Well, Supreme is more than just a brand; it s a cultural phenomenon. It s a name that carries immense weight, especially among younger consumers. This acquisition could be a strategic move to tap into a new market and broaden EssilorLuxottica s reach.


Ray-ban EssilorLuxottica investing
Recent Developments: Meta’s Interest

Interestingly, while preparing this article, news broke that Meta is considering a 5 per cent stake in EssilorLuxottica. Meta Platforms, Inc., formerly known as Facebook, Inc., is a multinational technology company headquartered in Menlo Park, California, founded by Mark Zuckerberg. This kind of investment typically signals confidence in a company’s future. Despite some fluctuations in the stock price, this potential new investment suggests that EssilorLuxottica’s strong market position is likely to continue.


Meta’s Smart Glasses

Meta’s interest in EssilorLuxottica may stem from their collaboration on Ray-Ban Stories, smart glasses that combine fashion with technology. These glasses allow users to take photos, record videos, listen to music, and make calls, integrating with Meta’s vision of the metaverse. By investing in EssilorLuxottica, Meta could strengthen this partnership, innovate further in the wearable tech space, and enhance its metaverse offerings.


Ray-ban EssilorLuxottica investing
A Bright Future Ahead

To wrap up, EssilorLuxottica is not just about Ray-Ban. It’s a global powerhouse with a diverse brand portfolio, strong market presence, and solid financials. Their recent moves, including the acquisition of Supreme, highlight their strategic approach to maintaining and expanding their market dominance. With Meta’s potential investment adding a layer of technological innovation, EssilorLuxottica’s future looks even more promising.


If you’re considering investing in the eyewear sector, EssilorLuxottica is definitely a company to keep an eye on. To explore investment opportunities in market leaders like EssilorLuxottica call Hugo Investing today. Don’t miss out on the chance to be part of the future of eyewear and innovative technology. Invest smartly with Hugo Investing!


Hugo Investing

Whether you’re in Marbella or abroad, one of Hugo’s professionals will gladly be your guide. Drop by Hugo’s on the Golden Mile in Marbella, give them a call, or send them an email.
For those who want to become better investors, learn about investing basics, or what to invest in Hugo has developed an online education platform, the Academy for Investors. Via these online courses, you can learn the ins and outs of investing at your level and pace. Each course has at least 40 videos, and between 10-12 hours of content to make you a better investor.
You can start your journey with Hugo’s by creating a free online account, which takes just a few minutes. Trade Saf€.


Address: Hugo Investing, Urbanización La Carolina, Edf Aries, local N, Carretera de Cádiz, km. 179, 29602 Marbella


The information in this article should not be interpreted as individual investment advice. Although Hugo compiles and maintains these pages from reliable sources, Hugo cannot guarantee that the information is accurate, complete and up-to-date. Any information used from this article without prior verification or advice, is at your own risk. We advise that you only invest in products that fit your knowledge and experience and do not invest in financial instruments where you do not understand the risks.


Sign up for personalised news

Subscribe to our Euro Weekly News alerts to get the latest stories into your inbox!


By signing up, you will create a Euro Weekly News account if you don’t already have one. Review our
Privacy Policy for more information about our privacy practices.


Written by
Catherine McGeer
I am an Irish writer who has been living in Spain for the past twenty years. My writing centers around the Costa Cálida. As a mother I also write about family life on the coast of Spain and every now and then I try to break down the world of Spanish politics!


Known as the PEOPLE’S PAPER, Euro Weekly News is the leading English language newspaper in Spain. And it’s FREE!

Covering the Costa del Sol, Costa Blanca, Almeria, Axarquia, Mallorca and beyond, EWN supports and inspires the individuals, neighbourhoods, and communities we serve, by delivering news with a social conscience. Whether it’s local news in Spain, UK news or international stories, we are proud to be the voice for the expat communities who now call Spain home.

With around half a million print readers a week and over 1.5 million web views per month, EWN has the biggest readership of any English language newspaper in Spain. The paper prints over 150 news stories a week with many hundreds more on the web – no one else even comes close.

Our publication has won numerous awards over the last 25 years including Best Free Newspaper of the Year (Premios AEEPP), Company of the Year (Costa del Sol Business Awards) and Collaboration with Foreigners honours (Mijas Town Hall). All of this comes at ZERO cost to our readers. All our print and online content always has been and always will be FREE OF CHARGE.


Sign up for personalised news

Subscribe to our Euro Weekly News alerts to get the latest stories into your inbox!


By signing up, you will create a Euro Weekly News account if you don’t already have one. Review our Privacy Policy for more information about our privacy practices.

Close

- Advertisement -

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest article

Torrevieja’s Armistice Day Service

Mission Statement: to assist the integration of foreign residents living in Spain By Anna Ellis • Published: 03 Nov 2024 • 10:01...

AC Hotels to transform a historic building in Cartagena

Mission Statement: to assist the integration of foreign residents living in Spain By Catherine McGeer • Published: 03 Nov 2024 • 7:07...

Madrid rents skyrocket

Mission Statement: to assist the integration of foreign residents living in Spain By Adam Woodward • Published: 03 Nov 2024 • 0:48...

Psychological risks of human-AI chatbot relationships

Mission Statement: to assist the integration of foreign residents living in Spain By Johanna Gardener • Published: 02 Nov 2024 • 17:48...

Community rallies for cancer support: MABS Race for Life

Mission Statement: to assist the integration of foreign residents living in Spain By Catherine McGeer • Published: 02 Nov 2024 • 23:04...