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Competition regulators in Europe and the United States on Thursday approved the Italy eyewear maker Luxottica (LUX.MI) and the French Yishilu lens manufacturer (Essilor) (ESSI.PA) merger, the two companies affected by the price rise. The deal was 48 billion euros ($58 billion).
As the global population aging, optometry glasses and sunglasses demand is expected to be strong, Luxottica and Essilor target is the merger plan to seize this opportunity. Luxottica owns Ray-Ban (Ray-Ban) and Oakley brands, sales Varilux brand Essilor lenses.
"We in the European market test received feedback nearly 4000 opticians, and the result is Essilor Luxottica not get hamper competition of market forces," Weiss said in the European competition Affairs Commissioner, unconditionally approved the deal.
The United States Federal Trade Commission approved the deal later.
Essilor shares closed up 5.3%, the company announced earlier revenue growth, but profit margins.

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