“With the global eyewear market, which includes frames, contact lenses and sunglasses, expected to reach $140 billion by 2020, the opportunity for one of the world’s largest luxury groups is vast…..” (BOF, Oct 2016)
Ever since the announcement of Luxottica & Essilor merger released in January 2017, we have seen changes in how luxury brands manage their eyewear development. As Luxottica “has licensing agreements to create eyewear for major fashion brands, including Burberry, Dolce & Gabbana and Versace” and with Essilor, these two firms combined will be worth about 46bn euros (£40bn; $49bn). (BBC, Jan 2017)
