EssilorLuxottica SA’s Potential Investment in Nikon

EssilorLuxottica SA, a leading manufacturer of eyewear, is considering an increase in its stake in Nikon, a Japanese optical equipment manufacturer. The proposed move would see EssilorLuxottica’s stake in Nikon rise to approximately 20%, up from its current 9%.

Key Developments

• EssilorLuxottica’s potential investment in Nikon has led to a significant rally in Nikon’s shares, with a 20% increase in value.
• The news has also had a positive impact on EssilorLuxottica’s stock, with its price experiencing a notable surge.

Market Impact

The company’s focus on expanding its presence in the optical equipment market is seen as a strategic move to drive growth and increase its market share. This development is in line with EssilorLuxottica’s overall business strategy.

Current Stakeholdings

• EssilorLuxottica’s current stake in Nikon: 9%
• Proposed stake in Nikon: approximately 20%