EssilorLuxottica, a vertically-integrated multinational luxury eyewear brand, is expanding its business through strategic acquisitions and partnerships. The company has acquired Espansione Group, a medical device maker specializing in treatments for eye diseases, marking a significant step into the med-tech sector. Additionally, EssilorLuxottica has renewed its licensing agreement with the Prada Group for another 10 years, further solidifying its position in the luxury eyewear market. These developments highlight the company's ongoing growth strategy under the current economic climate.