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EssilorLuxottica to consider moving part of its production to US
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EssilorLuxottica to consider moving part of its production to US
May 25, 2025 10:06 PM

MILAN, April 30 (Reuters) - Eyewear maker

EssilorLuxottica, whose brands include Ray-Ban, could

move part of its production to the United States as a result of

U.S. tariffs, its chief executive said on Wednesday.

"We won't rush a decision," CEO Francesco Milleri told a

shareholders' meeting of the Franco-Italian company in Paris,

adding that in three or four months the situation could be

clearer.

This month U.S. President Donald Trump, in a stunning

reversal, said he would temporarily lower the hefty tariffs he

had imposed earlier on dozens of countries.

"When the situation stabilises we'll understand which kind

of manufacturing we can move to the U.S. because it's not only a

matter of timing and investment but to find (workers with) the

right capabilities," he said, adding that for this reason

production based in Italy and France cannot be moved

"We can really think if we can move from Thailand and

Mexico. But we don't want to move too early," he added.

The group already has some plants in the U.S.

The EssilorLuxottica CEO also said the group is considering

possible acquisitions.

"M&A is in the DNA of our company, we have many dossiers on

the table, small, mid-size, big companies... we need to add much

more competencies and technology to our portfolio," Milleri

said.

He added that he is confident that group would be able to

clinch some good deals over this year and next.

Milleri said the group is willing to reinforce its chip

design capabilities, to expand into the field of treatment and

care of eye diseases and to invest in artificial intelligence

services.

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