Opportunity in China for EssilorLuxottica

The recently merged EssilorLuxottica (OTC:ESLOY) is a company that I like and own. The French-Italian-American conglomerate is the world's dominant eyeglass manufacturer and retailer.

I saw this article about the potential for eyeglass sales in China, where short-sightedness (myopia) is very common, and only now being treated more widely.



With some 100 to 300 million pairs of glasses being sold every year, China is already the world's largest eyewear market by volume. But the World Health Organization has estimated that there are 600 million people in China afflicted with myopia, accounting for nearly half of its population. The rate of myopia occurrence is still on the rise, exceeding 70 percent in senior high schools and universities, and reaching 50 percent in elementary schools.

Read the full piece here, on ChinaDaily.