{"id":22919,"date":"2023-05-10T12:57:24","date_gmt":"2023-05-10T12:57:24","guid":{"rendered":"https:\/\/www.meretailnews.com\/?p=22919"},"modified":"2023-05-10T12:58:03","modified_gmt":"2023-05-10T12:58:03","slug":"chalhoub-group-and-essilorluxottica-partner","status":"publish","type":"post","link":"https:\/\/www.meretailnews.com\/2023\/05\/10\/chalhoub-group-and-essilorluxottica-partner\/","title":{"rendered":"Chalhoub Group and EssilorLuxottica\u00a0partner to shape eyewear category in GCC"},"content":{"rendered":"<p><!-- VideographyWP Plugin Message: Automatic video embedding prevented by plugin options. --><br \/>\n<span data-preserver-spaces=\"true\">UAE luxury fashion conglomerate Chalhoub Group has signed a joint-venture agreement with Paris-based ophthalmic company <a href=\"https:\/\/www.essilorluxottica.com\" target=\"_blank\" rel=\"noopener\">EssilorLuxotticafor<\/a> to promote eyewear retail in the GCC region.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The joint venture will see the opening of mono-brand and multi-brand stores for Global brands including Ray-Ban, Persol, Oliver Peoples and David Clulow.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Chairman and CEO at EssilorLuxottica, Francesco Milleri, said: \u201cWe are pleased to partner with <a href=\"https:\/\/www.meretailnews.com\/2023\/04\/21\/chalhoub-group-adolfo-dominguez\/\">Chalhoub Group<\/a> to grow the eyewear category in the highly dynamic region that is the GCC.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">&#8220;This move will allow us to complement our existing and deeply rooted network of customers in the region, whom EssilorLuxottica is committed to continuing serving with high-quality products and solutions. Leveraging on Chalhoub Group\u2019s extensive knowledge and retail presence in the region, we will raise the visibility and quality of the entire industry and reinvent the omnichannel consumer journey together, resulting in a more engaging retail experience for consumers.\u201d<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The agreement seeks to leverage Chalhoub Group\u2019s deep understanding of the region\u2019s consumers.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The new partnership also aids the conglomerate\u2019s expansion into the rapidly growing eyewear category.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Established in 2018, EssilorLuxottica sells brands including Sunglass Hut, LensCrafters, Salmoiraghi &amp; Vigan\u00f2 and GrandVision and employs approximately 190,000 employees.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">In 2022, the Company generated consolidated revenue of \u20ac24.5 billion.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Group president at Chalhoub Group, Patrick Chalhoub, said: \u201cAs we expand into the eyewear category, we are entering a new vertical that has significant potential for growth and innovation with a high demand from our regional luxury consumers.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">&#8220;EssilorLuxottica is a partner of choice with their fashionable, elegant products, and brand portfolio; their core values of helping people to \u201csee more and be more\u201d, alongside their growth ambition in the GCC region, complements our Group\u2019s purpose to inspire and delight customers.\u201d<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Chalhoub Group operates a portfolio of eight owned brands and more than 300 international brands in the luxury, beauty, fashion and art de vivre categories.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p> Chalhoub Group has struck an agreement with ophthalmic company EssilorLuxotticafor to boost GCC&#8217;s eyewear retail sector<\/p>\n","protected":false},"author":40,"featured_media":22920,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[3977],"_links":{"self":[{"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/posts\/22919"}],"collection":[{"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/comments?post=22919"}],"version-history":[{"count":2,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/posts\/22919\/revisions"}],"predecessor-version":[{"id":22922,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/posts\/22919\/revisions\/22922"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/media\/22920"}],"wp:attachment":[{"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/media?parent=22919"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/categories?post=22919"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/tags?post=22919"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}