EssilorLuxottica, a surge in the stock market that is worth two records in fashion both in France and in Italy: the result of the accounts but also of Meta

For fashion these are not easy times and even large groups like LVMH and Kering they noticed it and it was especially noticed MY BAG which for a few weeks and after a long rally has turned its back on luxury and fashion stocks. But in fashion there is a company that goes against the grain and is Essilor Luxottica, the Italian-French group specializing in eyewear, created by Leonardo DelVecchio and now operated by Francesco Milleri. With Friday's increase of 7,4%, EssilorLuxottica took the lead in fashion on the Paris Stock Exchange, but its performance over the last 12 months, which sees it up by 19,7%, gives it virtual leadership even among the Italian companies in the sector where the best, the Brunello Cucinelli, it is slightly lower but it is lower and with its rise of 19,2% it must cede the scepter to EssilorLuxottica. How to explain the exploit of the group created by Del Vecchio? The key to success is double, or rather triple. First of all, the accounts which, even in times of lean times for the whole fashion industry, record in the latest quarterly of EssilorLuxottica a growth in both revenues and profits. But what made the stock soar on the stock exchange in recent days was first the announcement of two acquisitions (that of Heidelberg Engineering and that of the iconic Supreme brand) and then above all the intention to Mark Zuckerberg's goal of wanting to enter the capital of the Italian-French group with a shareholding of up to 5%. Sparks for the stock market and applause for EssilorLuxottica. Who knows how happy Leonardo Del Vecchio would have been.