EssilorLuxottica and Chalhoub Group sign joint venture agreement to grow retail eyewear presence in GCC region
10 Maio 2023 - 3:00AM
EssilorLuxottica and Chalhoub Group sign joint venture agreement to
grow retail eyewear presence in GCC region
EssilorLuxottica and
Chalhoub Group sign joint venture
agreement to grow retail eyewear presence in GCC
region
- EssilorLuxottica and
Chalhoub Group sign a
partnership for the
development of direct retail
in the GCC.
- The companies aim to shape the regional eyewear
category through enhanced customer service and unmatchable
experiences.
- The joint venture will see the opening of mono-brand
and multi-brand stores for iconic global brands such as
Ray-Ban, Persol, Oliver Peoples
and David Clulow.
Charenton-le-Pont,
France and Dubai, UAE
(10 May
2023) –
EssilorLuxottica, a global leader in the design, manufacture and
distribution of ophthalmic lenses, frames and sunglasses, and
Chalhoub Group, signed a joint-venture for the development of
direct eyewear retail in the GCC region. The agreement aims to
shape the eyewear category and achieve new levels of customer
service through combining EssilorLuxottica’s eyewear expertise,
technology, and brands, with Chalhoub Group’s deep understanding of
the region’s consumers and delivery of unforgettable
experiences.
The new partnership represents an important step
for EssilorLuxottica in raising the segment's visibility and
standards by increasing consumer engagement with high quality
premium brands. It will also support Chalhoub Group’s expansion
into the rapidly growing eyewear category utilising the Group’s
expertise in luxury retail.
Francesco
Milleri, Chairman and
CEO at EssilorLuxottica, commented: “We
are pleased to partner with Chalhoub Group to grow the eyewear
category in the highly dynamic region that is the GCC. This move
will allow us to complement our existing and deeply rooted network
of customers in the region, whom EssilorLuxottica is committed to
continue serving with high quality products and solutions.
Leveraging on Chalhoub Group’s extensive knowledge and retail
presence in the region, we will raise the visibility and quality of
the entire industry and reinvent the omnichannel consumer journey
together, resulting in a more engaging retail experience for
consumers.”
Patrick
Chalhoub, Group
President at Chalhoub
Group, stated: “As we expand into the eyewear
category, we are entering a new vertical that has significant
potential for growth and innovation with a high demand from our
regional luxury consumers. EssilorLuxottica is a partner of choice
with their fashionable, elegant products, and brand portfolio;
their core values of helping people to “see more and be more”,
alongside their growth ambition in the GCC region, complements our
Group’s purpose to inspire and delight customers.”
A series of mono-brand and multi-brand stores
will be launched in the GCC for EssilorLuxottica’s core and iconic
global eyewear brands, including Ray-Ban, Persol, and Oliver
Peoples, allowing the brand to expand its global footprint in the
GCC region. The unique luxury multi-brand eyewear concept, David
Clulow – born in the United Kingdom and well-known among Middle
Eastern consumers from London – will also be introduced with new
stores set to focus on an elevated customer experience, with
unmatched service, along with the best in eyeglass
technologies.
About
EssilorLuxotticaEssilorLuxottica is a global
leader in the design, manufacture and distribution of ophthalmic
lenses, frames and sunglasses. Formed in 2018, its mission is to
help people around the world to see more and be more by addressing
their evolving vision needs and personal style aspirations. The
Company brings together the complementary expertise of two industry
pioneers, one in advanced lens technology and the other in the
craftsmanship of iconic eyewear, to set new industry standards for
vision care and the consumer experience around it. Influential
eyewear brands including Ray-Ban and Oakley, lens technology brands
including Varilux and Transitions, and world-class retail brands
including Sunglass Hut, LensCrafters, Salmoiraghi & Viganò and
GrandVision are part of the EssilorLuxottica family.
EssilorLuxottica has approximately 190,000 employees. In 2022, the
Company generated consolidated revenue of Euro 24.5 billion. The
EssilorLuxottica share trades on the Euronext Paris market and is
included in the Euro Stoxx 50 and CAC 40 indices. Codes and
symbols: ISIN: FR0000121667; Reuters: ESLX.PA; Bloomberg: EL:FP.
For more information, please visit www.essilorluxottica.com.
About Chalhoub
GroupFor over six decades, Chalhoub Group has been
a partner and creator of luxury experiences in the Middle East. The
Group, in its endeavour to excel as a hybrid retailer, has
reinforced its distribution and marketing services with a portfolio
of eight owned brands and over 300 international brands in the
luxury, beauty, fashion, and art de vivre categories. More
recently, the Group expanded its expertise into new categories of
luxury watches, jewellery, and eyewear. Every step at Chalhoub
Group is taken with the customer at heart. Be it constantly
reinventing itself or focusing on innovation to provide luxury
experiences at over 750+ experiential retail stores, online and
through mobile apps, each touch point leads to delighting the
customer. Today, Chalhoub Group stands for 14,000 skilled and
talented professionals across seven countries, whose cohesive
efforts have resulted in the Group being ranked third in the Middle
East and first in Saudi Arabia as a Great Place to Work®. To keep
the innovation journey going, the Group has set up “The
Greenhouse”, which is not just an innovation hub, but also an
incubator space and accelerator for start-ups and small businesses
in the region and internationally. This is just one of the several
initiatives taken by the Group to reinvent itself, catalysed by
forward thinking and future proofing. The Group has also been
embedding sustainability at the core of its business strategy with
a clear commitment towards people, partners and the planet, and by
being a member of the United Nations Global Compact Community and
signatory of the Women's Empowerment Principles.
- DOWNLOAD PDF VERSION OF THE NEWS RELEASE
Essilorluxottica (BIT:1EL)
Gráfico Histórico do Ativo
De Abr 2024 até Mai 2024
Essilorluxottica (BIT:1EL)
Gráfico Histórico do Ativo
De Mai 2023 até Mai 2024