What will be the impact of the marriage of Essilor and Luxottica on the lucrative French market of the optic (6.5 billion euros of sales in 2015 according to GfK) ? For the time being, the industry wants to be serene. The two heavyweights are already ubiquitous in the Hexagon. Essilor holds alone the two-thirds of the market of optical glasses in France (a figure that the group does not confirm), but even he acknowledges that his weight, in a ” its historic birthplace, is higher than its overall market share rises to 41 % for glasses of medical prescription “. The point that Mark There, the CEO and founder of Meaningful, which regularly condemns the ” lock “ of the F rench market of the optics, was moved a few months ago, in an interview with EchosTV , that France is the only country that ” where a glass [Essilor] has such a market share “. About Luxottica, also number one in france, it is to be shared with one of his compatriots, Safilo, most of the market of frames (requested by ” Les Echos “, it has not provided precise figures).
” Many innovations “
the merger of The two groups will strengthen their dominant position, but should not exert pressure on prices. the ” For me, it is a purely financial market. Essilor and Luxottica are a holding company, which will not take place during the next four years at least, in the management of its subsidiaries, says Didier Papaz, the president of Optic 2000. in A group like mine will continue to negotiate direct agreements that glass with a subsidiary of Essilor and its agreements on the frames with the subsidiary Luxottica “.
The impact could be stronger, according to him, in some markets of the anglo-saxon countries, including the United States, where the French group has a ” large distribution network “. On the other hand, anticipates Didier Papaz, the two groups will work on ” the research and development, product quality, the increase in range… “.
A vision shared by Afflelou. The group welcomed Monday, and by the voice of one of its spokesmen, a merger that, at the global level, ” should encourage access to the glasses for the greatest number and support [the] growth [market] “ and will ” many innovations and new opportunities “ beneficial to the whole sector. Krys, he has not wanted to comment on the transaction.