CG: $50 Billion Merger Will Form an Eyewear Industry Titan
Industry Focus
The Motley Fool
4.6 • 854 Ratings
🗓️ 24 January 2017
⏱️ 27 minutes
🧾️ Download transcript
Summary
Take two leading companies in the eyewear industry, combine them, and what do you get? In this case, say hello to EssilorLuxottica, a massive enterprise that will boast 140,000 employees, $16 billion of annual revenue, and a global scale that overshadows its closest competitors by a wide margin.
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| 0:00.0 | Support for industry focus comes from Rocket Mortgage by Quicken Loans. |
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| 0:14.0 | Welcome to Industry Focus to podcast it dives into a different sector of the stock market |
| 0:19.9 | every day. I'm your host Vincent Shen and is Tuesday January 24th for today we will be talking |
| 0:25.5 | about a recently announced $50 billion deal that will create a truly dominant entity |
| 0:30.9 | in the eyewear industry and if we still have a little bit of time afterwards, |
| 0:34.1 | we'll preview some upcoming earnings in the consumer and retail sector. |
| 0:38.2 | Joining me via Skype to cover these topics is none other than Senior Fool.com Contributor Osset Sharma. How's it going, bud? |
| 0:45.0 | It's going well, Vince. How are you doing? |
| 0:48.0 | I'm doing very well. I'm very excited about our topics for today. |
| 0:51.0 | This is really a crazy deal. And also to have you on I think it's our first show |
| 0:55.5 | together for 2017 right it is and hey I'd like to follow really quickly with |
| 1:00.2 | something we talked about at our year end look back and that is we were talking about |
| 1:05.8 | New Year's resolutions. So listeners, I have a new motto for this year. You may know this, it's |
| 1:12.3 | attributed to Horace never a day without a line so for your |
| 1:16.9 | writers out there if you want to write write every day and if you have a hobby |
| 1:22.4 | foreign language whatever it is your |
| 1:24.7 | investments you want to improve make sure you get at least one touch every day and |
| 1:28.4 | we'll make it together so all right. All right. |
| 1:33.0 | Well, thanks a lot, Austin for Shannon. |
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