Dan Loeb could give Ray-Bans a better look: His plans for EssilorLuxottica are unclear, but a fresh outside lens may help the company, says LJucca
U.S. activist hedge fund Third Point, run by billionaire Daniel Loeb, has amassed a stake in $63-billion eyewear giant EssilorLuxottica, Reuters reported on Aug. 26, citing unnamed sources.
The Franco-Italian group, formed by a 2017 merger of lens maker Essilor and frames company Luxottica, said on July 31 it was acquiring Dutch optical retailer Grand Vision for around 8 billion euros, including debt.
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