EssilorLuxottica has looked at Marcolin, not seen as strategic, CEO says [Reuters]
ESSILOR LXTTCA UNSP/ADR (ESLOY)
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Source: Reuters
Marcolin, but it does not consider the asset as strategic, the group's chief executive told shareholders on Tuesday. "I don't want to comment on Marcolin because it is an ongoing process," EssilorLuxottica CEO Francesco Milleri said. "We have been part of the discussion, we will see what happens but for us it is not strategic," added Milleri, replying to a shareholder's question during the group's annual meeting in Paris, as confirmed by a company spokesperson. Report this ad WHY IT IS IMPORTANT? Marcolin's main shareholder PAI Partners earlier this year hired Goldman Sachs to explore a merger or a sale. The sale process from big players such as Gucci-owner Kering and Ray-Ban parent EssilorLuxottica , sources told Reuters in April. BY THE NUMBERS Italy's Marcolin reported a 26% jump in adjusted core profit for 2023 to 78 million euros ($84 million) last year. Sales rose 2% to 558 million euros. ($1 = 0.9323 euros) Coming soon: Get the latest news and expert analysis
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