Ray-Ban owner EssilorLuxottica takes 5% stake in Nikon

GaryPageau ,
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Reuters reports Franco-Italian eyeglass maker EssilorLuxottica is deepening its ties with Japan’s Nikon Corp. by taking a stake in the camera above 5%, as a long-term financial investment to support the company and its management. The 5.1% stake corresponds to 170 million euro ($187 million) investment, according to a regulatory filing and LSEG data cited by Reuters. EssilorLuxottica has brands including Ray-Ban, Oakley, Persol, Oliver Peoples, Vogue Eyewear, Arnette, Alain Mikli, Costa, Bliz, Native Eyewear and Bolon. The company also licenses these brands: Giorgio Armani, Brunello Cucinelli, Burberry, Chanel, Coach, Dolce&Gabbana, Ferrari, Jimmy Choo, Michael Kors, Moncler, Prada, Ralph Lauren, Starck Biotech Paris, Swarovski, Tiffany & Co., Tory Burch and Versace.

Since 2000, the companies have operated a joint venture called Nikon-Essilor, which is a wholesale lens business entity based in Tokyo serving regional and global customers.

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Gary Pageau is principal of InfoCircle LLC, continuing his marketing communications career. InfoCircle LLC is a marketing and communications consulting firm, specializing in business-to-business markets. For nearly 25 years, he was with PMA International, serving most recently as Publisher, Content Development and Strategic Initiatives. His primary responsibilities included overseeing the Association’s editorial department, marketing research unit, education and corporate relations department.