Ray-Ban owner makes $50 billion glasses deal
It’s a visionary deal: The world’s biggest eyewear companies are coming together in a $50 billion merger. Luxottica Group, the Italian firm behind Ray-Ban and Oakley sunglasses frames, is combining with Essilor, a French company that makes lenses. Luxottica founder Leonardo Del Vecchio will lead the newly combined company as chairman and CEO. The 81-year-old […]