EssilorLuxottica to Explore Moving Part of Its Production to the U.S. Due to Tariffs

PARIS—EssilorLuxottica may consider moving part of its production to the United States as a result of the ongoing U.S. tariffs, CEO Francesco Milleri told attendees at the company's annual shareholders' meeting here on Wednesday. In a question and answer portion of the meeting, Milleri hinted that the company could potentially make a partial production move to the U.S. but wasn’t moving too quickly. “At this moment we don’t want to rush a decision. We would like to wait a bit to understand, in maybe three or four months, what will be going on in the future,” Milleri said.