Morningstar

EssilorLuxottica Launches Buyback Program Potentially Valued at $918 Million

Provided by Dow Jones Aug 28, 2026, 11:42:00 AM

By Anthony O. Goriainoff

EssilorLuxottica said it was launching a share buyback that could be valued at up to around $918 million.

The Franco-Italian manufacturer of Oakley and Ray-Ban sunglasses said it would purchase up to 5 million shares.

The stock on Thursday closed at 157.50 euros. Based on that price the buyback total could be around 787.5 million euros ($917.6 million), depending on market conditions.

The company said this reflected its confidence in its value creation and long-term prospects.

Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com

(END) Dow Jones Newswires

August 28, 2026 02:42 ET (06:42 GMT)

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