Luxottica, the Italian eyewear conglomerate (now EssilorLuxottica ), acquired from Bausch & Lomb in 1999 .
The deal was finalized for a reported . At the time, Ray-Ban was struggling financially, with its iconic styles considered "old-fashioned" compared to the wrap-around sunglass trends of the 1990s. Key Details of the Acquisition when did luxottica buy ray ban