Business Breakdowns
Episode 210 EssilorLuxottica: Sight To Behold
Business Breakdowns

Episode 210: EssilorLuxottica: Sight To Behold

Business Breakdowns

Episode 210

EssilorLuxottica: Sight To Behold

Swetha Ramachandran is the manager of the Artemis Leading Consumer Brands fund. We cover EssilorLuxottica's transformation through a series of strategic mergers and acquisitions, how achieving control of the entire value chain created its strongest competitive advantage, and the moves it's making to address the massive global opportunity in eye care.

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Show Notes

(00:00:00) Introduction to Business Breakdowns

(00:00:52) Episode Overview: EssilorLuxottica

(00:02:12) EssilorLuxottica's Business Model and Market Position

(00:06:12) The Merger: Essilor and Luxottica

(00:08:22) Financial Performance and Market Dynamics

(00:12:51) Strategic Acquisitions and Innovations

(00:16:50) Global Market Strategy and Competitive Landscape

(00:28:40) Challenges and Future Prospects

(00:39:39) Lessons from EssilorLuxottica

(00:43:15) Conclusion and Closing Remarks

EssilorLuxottica: Sight To Behold

Introduction

Zack
In this episode, we break down EssilorLuxottica, a global leader in the eyewear industry formed by the merger of Essilor and Luxottica in 2018. The business today sports a nearly €130 billion market cap. EssilorLuxottica represents a vertically integrated business encompassing design, manufacturing, distribution, and retail operations across both vision care and eyewear fashion segments.

We will analyze the strategic rationale behind the merger, assessing how it shaped the company's competitive advantages. We will discuss the economics of prescription lenses, high-fashion sunglasses, and iconic brands like Ray-Ban and Oakley. Furthermore, we'll discuss the impact of emerging technologies like smart glasses, the Ray-Ban Meta glasses, and evolving consumer preferences on the eyewear market, as well as the competitive impact of upstarts like Warby Parker.

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