10. EssilorLuxottica
Charenton-le-Pont, France
2018 revenues: $12,761,178,300 (€10,799,000,000)
R&D spend: $224,523,000
Employees: 150,000
Revenues/employee: $85,075
Fiscal year ending: Dec. 31, 2018
Last year’s rank: 15
Key Personnel:
Laurent Vacherot, CEO; Jayanth Bhuvaraghan, chief mission officer & communication; Jean Carrier-Guillomet, co-COO; Norbert Gorny, chief R&D officer, IP; Hilary Halper, CFO; Grita Loebsack, chief marketing officer; Frédéric Mathieu, corporate SVP, HR; Bernhard Nuesser, president, online; Paul Du Saillant, deputy CEO; Jeremy Teo, chief strategy officer; Éric Thoreux, Co-COO, president, sun, readers & China
Description:
Touted as a merger of eyeglass lenses with frames, the combination last year of French lens manufacturer Essilor (EPA:EI) with Italian eyewear maker Luxottica created the world’s 10th largest medical device company. EssilorLuxottica boasts nearly 150,000 employees and consolidated reported annual revenue equal to nearly $12.8 billion. EssilorLuxottica is seeking further dominance of the eyewear market, announcing over the summer that it intended to spend the equivalent of billions of dollars to acquire GrandVision and its 7,200 eyewear stores around the world. – CN