EssilorLuxottica reports stronger H1 margins; founder pushes new strategy
EssilorLuxottica SA reported solid H1 core sales alongside stronger-than-expected margins, even as professional solutions and smartglasses were weak. Founder Leonardo Del Vecchio urged a new strategy as shares slipped.
EssilorLuxottica SA (EURONEXT:EL) reported solid H1 core sales with stronger-than-expected margins, even as professional solutions and smartglasses remained weak. Founder Leonardo Del Vecchio, now an investor through Delfin, is pushing for a new strategy while the shares slip and EL considers a possible small, partnered stake.