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Luxottica Delists From Milan Stock Exchange

MILAN — It was not a surprise, but the Italian Stock Exchange lost on Tuesday one of its strongest public companies — the eyewear giant Luxottica Group SpA. As reported, the delisting was expected to be on March 5 and follows the birth of EssilorLuxottica on Oct.1 last year.
The group was listed on the Paris Stock Exchange Euronext in October. Italian media have reported that management of the Italian Bourse and some analysts are hoping EssilorLuxottica will be also listed in Milan, although co-chief financial officer Stefano Grassi said in October he did not believe this would happen.
Luxottica shares went public for the first time on the New York Stock Exchange at less than $1 per share in 1990 and is leaving Borsa Italiana at more than 50 euros per share, having multiplied its value by more than 50 times in almost 30 years, said the company in January. Luxottica produces and distributes eyewear collections for brands ranging from Giorgio Armani, Bulgari, Burberry, Chanel, Coach, Prada and Versace and has a number of owned brands, such as Ray-Ban, Oakley and Persol.
EssilorLuxottica is a company incorporated under French law and listed on the Paris Stock Exchange Euronext. As reported, founder Leonardo Del Vecchio took

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Via:: https://wwd.com/accessories-news/eyewear/luxottica-delists-from-milan-stock-exchange-1203077253/