Luxottica and Essilor to merge in $53 billion deal: FT

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  • Copyright Reuters 2017

    (Copyright Reuters 2017)

  • Copyright Reuters 2017

    (Copyright Reuters 2017)

Italian eyewear maker Luxottica and French corrective eye lens maker Essilor have agreed on a 50 billion euros ($53.16 billion) merger, the Financial Times reported, citing people familiar with the matter.

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The deal would make Luxottica's founder, Leonardo Del Vecchio, the largest single shareholder in the combined company with about a 30 percent stake, the FT said.

Luxottica and Essilor were not immediately available for comment.

(Reporting by Rama Venkat Raman in Bengaluru; Editing by Peter Cooney)