By Giulia Petroni

EssilorLuxottica SA said Tuesday that it is launching a share buyback program of up to 2 million shares.

The Franco-Italian eyewear giant said the program will begin on Tuesday and run until Oct. 29. The acquired shares are meant for employees and corporate directors for profit-sharing plans, bonus and performance awards or stock option plans, among other things.

EssilorLuxottica's closing stock price on Monday was 162.46 euros ($191.68).

Write to Giulia Petroni at giulia.petroni@wsj.com

(END) Dow Jones Newswires

August 31, 2021 01:29 ET (05:29 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.
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