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Essilor

@essilor.com

Essilor is the world leader for corrective lenses. The group is present in more than 100 countries.

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About

Description

Essilor is a multinational company based in France that specializes in the manufacturing and distribution of ophthalmic lenses, equipment, and instruments. Founded in 1849 by Ferdinand and Ernest Bausch and Joseph Lomb, Essilor initially started as a small workshop producing glasses in Paris. Over the years, the company expanded its operations and product offerings to become the global leader in the optical industry.


The company's headquarters are located in Charenton-le-Pont, a suburb of Paris, France. Essilor's headquarters is a state-of-the-art facility that houses the company's executive offices, research and development labs, manufacturing plants, and distribution centers. Essilor offers a wide range of products and services to its customers.


Its main product is ophthalmic lenses, which are used to correct vision problems such as myopia, hyperopia, and astigmatism. Additionally, the company manufactures and sells eyeglass frames and sunglasses under various brand names, including Ray-Ban, Oakley, and Bolon. Essilor also develops and provides cutting-edge diagnostic and vision care equipment to optometrists and ophthalmologists worldwide.


On a global scale, Essilor operates in over 100 countries and has a strong presence in all major markets. The company has established numerous subsidiaries, joint ventures, and partnerships throughout the world. Noteworthy subsidiaries include Transitions Optical, a joint venture with PPG Industries that produces photochromic lenses, and EssilorLuxottica, a merger with Italian eyewear company Luxottica Group to form one of the largest eyewear companies in the world.


With its vast global reach and diversified product portfolio, Essilor enjoys a dominant market position. The company reported global sales of over €7 billion in 2020, making it the market leader in the ophthalmic industry. Essilor faces competition from other major players in the industry, such as Hoya Corporation and Carl Zeiss Vision.


To promote growth and innovation, Essilor has undergone several strategic changes and achievements. In 2019, Essilor merged with Luxottica Group to form EssilorLuxottica, creating a global leader in eyewear and eyecare solutions. The merger aimed to leverage the complementary strengths of both companies to provide better vision care products and services to consumers worldwide.


As of the latest update, Essilor continues to expand its global reach through new product developments, partnerships, and mergers and acquisitions. The company remains committed to improving vision health and providing innovative solutions to customers. In conclusion, Essilor is a leading global company in the optical industry, offering a wide range of ophthalmic lenses, frames, and vision care products.


With its strong market position, extensive global operations, and strategic partnerships, Essilor is poised for continued growth and innovation in the years to come

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Company Type

Public Company

Company Size

10,001+

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