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Clearer focus

24 May 2021 By Lisa Jucca

EssilorLuxottica has ditched a power-sharing pact that ushered in the 2018 deal but led to infighting. Axing duplication should allow the 63 bln euro group to deliver long-promised cost savings. Erasing the governance discount to listed peers could unlock 10 bln euros of value.

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