This week, everyone will be talking about the fight for control of EssilorLuxottica, the apparel industry's sustainability mission at the Copenhagen Fashion Summit and the latest technologies on display at VivaTech. Read our BoF Professional Cheat Sheet.
The company is suffering due to tighter distribution policies.
The eyewear maker said it expected to close its proposed merger with Essilor by mid-2018, while forecasting steady growth in its own sales and profits for the year.
The world's biggest eyewear maker sees 2017 adjusted net income growing strongly after a robust fourth quarter helped it to meet its full-year sales guidance.
Luxottica is simplifying its management structure ahead of a mega-merger with Essilor.