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Research archive for ESLOY

Out with the old in with two new

02 September 2014

Oh dear, Luxottica share price is down around 2 percent this morning on the news that the CEO, Andrea Guerra, is leaving the company after nearly 10 years at the helm. Why? Well, it turns out that his mate is Matteo Renzi. And Renzi is the current Prime Minister of Italy. Guerra is the first non family member to run the Luxottica business, a company founded by Leonardo Del Vecchio. Del Vecchio is the second richest man in Italy and founder of the business, more importantly the 66 percent shareholder of Luxottica, the company that sells sunglasses through the Sunglass Hut. Luxottica also owns Ray-Ban and Oakley. The company, by revenue, is the biggest seller of eyewear on the planet, both sunnies, shades, cheaters (sun cheaters).

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Lifting the shades on eyewear

31 January 2014

As you may know, having access to the New York Stock Exchange gives you the ability to invest in many exciting companies around the world. One of those companies which we have initiated coverage of over the last couple of months is the Italian sunglass manufacturer, Luxottica.

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