EssilorLuxottica and Chalhoub Group sign joint venture agreement to grow retail eyewear presence in GCC region

EssilorLuxottica and Chalhoub Group sign joint venture agreement to grow retail eyewear presence in GCC region

- The companies aim to shape the regional eyewear category through enhanced customer service and unmatchable experiences.

- The joint venture will see the opening of mono-brand and multi-brand stores for iconic global brands such as Ray-Ban, Persol, Oliver Peoples and David Clulow.

Charenton-le-Pont, France and Dubai, UAE – EssilorLuxottica, a global leader in the design, manufacture and distribution of ophthalmic lenses, frames and sunglasses, and Chalhoub Group, signed a joint-venture for the development of direct eyewear retail in the GCC region. The agreement aims to shape the eyewear category and achieve new levels of customer service through combining EssilorLuxottica’s eyewear expertise, technology, and brands, with Chalhoub Group’s deep understanding of the region’s consumers and delivery of unforgettable experiences.

The new partnership represents an important step for EssilorLuxottica in raising the segment's visibility and standards by increasing consumer engagement with high quality premium brands. It will also support Chalhoub Group’s expansion into the rapidly growing eyewear category utilising the Group’s expertise in luxury retail.

Francesco Milleri, Chairman and CEO at EssilorLuxottica, commented: “We are pleased to partner with Chalhoub Group to grow the eyewear category in the highly dynamic region that is the GCC. This move will allow us to complement our existing and