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.