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EL - EssilorLuxottica SA News Story

€140.7 1.4  1.0%

Last Trade - 07/05/21

Sector
Consumer Cyclicals
Size
Large Cap
Market Cap £53.60bn
Enterprise Value £56.68bn
Revenue £12.56bn
Position in Universe 18th / 848

EssilorLuxottica discovers fraud at plant in Thailand

Mon 30th December, 2019 7:19am
PARIS, Dec 30 (Reuters) - EssilorLuxottica  ESLX.PA  said on
Monday that its subsidiary Essilor International had discovered
fraudulent financial activity at a plant in Thailand.
    The group, which was formed last year from the merger of
French lens maker Essilor and Italian eyewear group Luxottica,
also said in a statement that the financial impact from the
suspected fraud is estimated to be of a maximum of 190 million
euros ($212.80 million) before insurance.

($1 = 0.8929 euros)

 (Reporting by Sudip Kar-Gupta; Writing by Matthieu Protard and
Louise Heavens)
 ((matthieu.protard@thomsonreuters.com; +33-1-49495381;))
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