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Luxottica and Essilor partner for the Australian and New Zealand eyewear markets

Luxottica Group, retailers and manufacturers of fashion sports eyewear, and Essilor International, manufacturer of ophthalmic lenses, announced on 8 February that the two companies have formed a joint venture for the Australian and New Zealand markets.

Under the terms of the agreement, the joint venture will manage Eyebiz Pty Ltd, Luxottica’s Sydney-based optical lens finishing laboratory, which, as a result of this alliance, will be majority controlled by Essilor.

Eyebiz will continue to supply all of Luxottica’s retail optical outlets in Australia and New Zealand: OPSM, Budget Eyewear and Laubman & Pank. 

The Eyebiz management team will remain in place and report to the new board, comprised of Essilor International and Luxottica representatives.

(Source: Luxottica Group)

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