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TIME100 Most Influential Companies 2025: EssilorLuxottica

TIME100 Most Influential Companies 2025: EssilorLuxottica

Time​ Magazine11 hours ago

The French giant behind Ray-Ban, Oakley, Oliver Peoples, LensCrafters, and other brands is bringing eyewear's tech potential into focus. Ray-Ban's second-gen Meta smart glasses, which allow wearers to snap pics, send texts, make calls, and translate languages (among other functions), have sold over 2 million pairs. There's more to come: EssilorLuxottica and Meta in September formed a long-term agreement to produce more smart eyewear products. This year EssilorLuxottica's innovative Nuance Audio 'hearing glasses'—with built-in directional microphones and speakers, the FDA has approved them as over-the-counter hearing aids—went on sale in the U.S. and Europe. The company's portfolio is expanding into eyecare as well. In May, EssilorLuxottica acquired Optegra, which operates over 70 eye hospitals and diagnostic facilities across Europe. The company's strategic vision, it seems, involves bringing everything involving eyes under one roof.

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21 Subtle And Non-Obvious Signs Someone Is Wealthy
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21 Subtle And Non-Obvious Signs Someone Is Wealthy

Some rich people love to show off, and others like to keep it to themselves. Over the years, people on the internet have used their experiences with the wealthy to reveal the subtle clues that someone is extremely rich, and honestly, it's incredibly fascinating. Here's what they had to say: "For really wealthy women, nails can be a sign. They don't do flashy nails. Nothing glittery or long. Just mostly short nails with a gel manicure in either a solid sheer, nude, red, or dark color. The most you might get is a French manicure. They are always impeccably done and never chipped, but you wouldn't necessarily notice them." "A guy in my office will drop tidbits about his family and wealth. For example, he'll mention a private school his brother and sister attended, but he didn't go because he didn't want to. Then, the other woman he was talking to was asked, 'Do you have any idea how expensive the private school he just talked about is?' I don't think he means to be bragging. I just think he thinks like, 'This is my life; like, those are facts.'" "When I bartended in the TAG Heuer suite for the Indy 500, their fixer came over for a Red Bull and told me she couldn't figure out who the CEO was. Ma'am, the CEO is the guy with tattoo sleeves who the entire room just followed upstairs because he quietly said it's cool. I could also tell the difference between girlfriends and wives by looking at their shoes. Girlfriends had nice purses and department store heels. Wives had nice purses and truly expensive shoes." "People from rich families have a hard time understanding that sometimes, nepotism isn't a factor in normal people's employment. I recently started a new job, and I'm proud of my position. Some friends of the family, who are rich, asked me if one of my parents pulled some strings to get me the job. Normal people just apply for a job, interview, and hope for the best. We don't all have connections in every business to get our kids a place at a good school or a job at a good firm." "The only rich people I know are so obsessed with money that they look at the price of EVERYTHING. It's like they have to get the best deal or they will be mad." "I have some relatives who are doing quite well for themselves, and they live in what I only half-jokingly call an art gallery. They have such lovely art. Everywhere you look, it's very high-quality original artwork. Absolutely beautiful. They wear normal clothes and drive 'normal' (but nice) their homes..." "In my experience as a server in a fine dining establishment, they treat you like a normal human. Not sure if my boss coined the term, but a '$100k millionaire' will treat you like you're just 'the help' and make you feel like less of a person." "Friend worked in real estate. They said they identify people with money/good credit by looking at their tires when they pull in. Clean tires with good tread left on them, probably a good prospective client, so the senior staff should handle it. Dirty tires, almost bald, hand it to the new guys because it's gonna be a ton of footwork to get them approved." "Real generational wealth keeps an extremely low profile. They have no digital footprint. They actually pay people to keep information about them off the internet and out of any publications. They will keep a low profile, driving cars that blend in. Nice, reliable vehicles, but nothing too flashy." "I used to have a running buddy who was very rich. For me, the non-obvious sign were the books on his bookcase. They weren't books to be read — they were investments. He told me once that if somebody tried to rob his place, they might go for the big TV, but they should go for the bookshelf." "It can often be the least obvious person in the room. Years ago, I was in a small town near a larger agricultural city. The whole area is either wheat or wine grapes. I was in a tiny little brewery having a beer, and there were six customers in the room, including myself. I was wearing a suit and tie, two young men, about 30, wore what I'd call very nice business casual, a mid-aged couple drove up in a new Lexus, and an older guy wore muddy rubber boots, a Carhartt jacket, and looked like any other of hundreds of farm hands one would see in the area taverns. The man who owned the brewery and was a client of mine came by, nodded at the old guy in the Carhartt, and said he was one of the richest men in the area but still worked alongside his guys when he was around." "One thing I have noticed that separates the millionaires from billionaires is their kitchen. When I was staying at a certain private home, the time change made me wake early, so I went to the kitchen for some coffee. When I walked in, three of the staff stood up and said, 'Can we help you?' then led me to the room where coffee was set up. They exchanged looks." 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"[They move with] ease as in confidence, calmness, and a general sense that everything will be OK. I remember seeing this wealthy guy on an important day when people were coming to his house, and something in his house broke, which would cause most people to [freak out]. He was essentially just like, '...Huh, oh well, I'm sure we have a guy for that.' Like, he wasn't even going to spend any effort on registering that as a 'problem.'" "The most subtle sign is that they don't know what *anything* costs or what's involved in maintaining anything outside their expertise. At a certain level of wealth, money becomes an abstract concept. The concept of value becomes associated with rarity and craftsmanship instead. They might own a watch that costs millions of dollars that they wear every day. They couldn't tell you what it cost or worth." "Luxury station wagon. I grew up in a rich area, and these families are so wealthy, they don't need to flaunt their wealth; they can drive an $80k station wagon and act like it's nothing." "Their shoes are always in excellent condition — clean, polished, etc." And finally... "For lots of things where there's high-end and really high-end, most people wouldn't recognize the ultra high-end stuff unless they really paid attention to it. The first thing most people think of is Rolex, and lots of people will run out and buy one once they feel successful. If you ever see something like a Voutilainen, it'll fly so far under the radar that you won't recognize it as a sign of being rich." What are some other non-obvious signs that someone is truly wealthy? Let us know in the comments, or use this anonymous form below.

I'm the CEO of the largest superyacht firm in the world. I start my days commuting from France to Monaco and end with a family jam session.
I'm the CEO of the largest superyacht firm in the world. I start my days commuting from France to Monaco and end with a family jam session.

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I'm the CEO of the largest superyacht firm in the world. I start my days commuting from France to Monaco and end with a family jam session.

This as-told-to essay is based on a conversation with Anders Kurtén, the 54-year-old CEO of Fraser Yachts, based in Monaco. It's been edited for length and clarity. I became the CEO of Fraser Yachts in 2023. We're the world's largest yacht brokerage with dual headquarters in Monaco and Fort Lauderdale. I've been told I was carried aboard my grandfather's mahogany sailing boat when I was just a few months old. Growing up in Finland, our summers were spent on the Baltic Sea. I didn't consider turning that passion into a profession at first. My career began in the mid-90s, building websites in Finland. I then worked in New York during the dot-com boom and returned to Finland for a brief stint at Accenture. I realized I couldn't see myself doing that for the next three or four decades. I enrolled in a wooden boatbuilding school and became a boat carpenter for a few years. BI's Power Hours series gives readers an inside look at how powerful leaders in business structure their workday. See another story from the series here, or reach out to editor Lauryn Haas at lhaas@ to share your daily routine. In the mid-2000s, I was headhunted to run a small yard manufacturing performance cruising sailboats. I then spent nearly a decade at a Nordic boat manufacturer. In 2019, I entered the superyacht industry as CEO of Baltic Yachts. My primary role at Fraser now is serving the needs of our clients with the help of my 230 colleagues. Here's what a typical day in my life looks like. 6 a.m. — Outrunning Monaco's traffic I roll out of bed around 6 a.m., get ready, and head to the office. I live in Nice, France, but I moved here from Pietarsaari, Finland, for my role. The 22-minute trip can stretch to two hours during rush hour. I primarily listen to business and language learning podcasts and some French news. I speak English, Finnish, French, and Swedish fluently, but I'm trying to master a few more. I get to the office, park the car, and then go for a run. Depending on my energy level, it's either a 5K or a 10K. I generally run west, starting from Monaco harbour. 7:45 a.m. — A quick breakfast After my run, I shower at the office and grab some oatmeal and fruit for breakfast. Once a week, I treat myself to a café au lait and a pain au chocolat at a nearby café called Bella Vita. 8 a.m. — An office with a Grand Prix view By 8 a.m., I'm at my desk, ready to get to work. Our office is opposite the Formula 1 circuit's La Rascasse turn. During the Monaco Grand Prix, if I had a fishing rod, I could tap the drivers on their helmets as they drive by. My office decor is minimalist, with pictures of my wife and kids, ages 9 and 11. Our reception area showcases impressive scale models of six-foot-long superyachts. My mornings are for strategic work and clearing my inbox unless I'm traveling for events like the Palm Beach International Boat Show. When traveling, I rely on my team to triage incoming emails and calls. 10 a.m. — Internal meetings and the occasional client interruption I spend the mornings taking internal meetings and catching up with my team. Sometimes, I might be in the middle of a meeting and then get a client call that can last 10 minutes or require me to go spend a few days touring a shipyard with the client. Navigating a universe of extreme exclusivity Our clients are high-net-worth individuals (HNWIs) and ultra-high-net-worth individuals (UHNWIs). Many charter our yachts for vacations, while the wealthiest among them buy vessels outright. We manage 338 superyachts, sell about 50 yachts annually, and book thousands of charter days. There are only about 6,000 to 7,000 superyachts in the world. The most expensive residential real estate sold in the past decade went for around $200 million. Several new superyachts easily exceed that price tag. I have a small 30-foot outboard powerboat and a 28-foot sailboat at my summer cottage in the southwest archipelago of Finland. However, I'd need more than one boat for my dream yacht. For sailing, I'd want something like the Baltic 47 Elsa. For motor yachts, I lean toward a classic gentleman's yacht like the Feadship Santa Maria. Both would pair well with a vintage chase tender like the Monte Carlo Offshorer 32. 12:30 p.m. — Lunch, Monaco-style I eat lunch around 12:30 p.m. Most days, I grab a sandwich from one of the sandwich shops nearby and eat at my desk. When I want to treat myself, I head next door to Quai des Artistes, a traditional French bistro where I sometimes host colleagues or clients. The food is excellent. 2 p.m. - 6 p.m. — Global sync with the US team The afternoons get busy around 2 p.m. or 3 p.m. Monaco time, when our Florida team starts their day. We catch up on recent developments and sync projects to ensure seamless handoffs across time zones. This global coordination is especially critical for our yacht owners' new-build projects and crewing needs. 6 p.m. — Leaving the office for a rock band jam session I leave the office between 6 p.m. and 7 p.m. to get home for dinner with my wife and kids. After dinner, I help the kids with homework and play music until bedtime. I play the piano, my son plays the drums, and my daughter sings and plays the guitar. It's almost like a rock band at home. 9 p.m. — The kids go to bed, and I watch Netflix with my wife After the kids are asleep, my wife and I unwind with Netflix. We're hooked on Nordic noir detective shows. Depending on my workload, I might hop on a call or respond to emails from our US or Australia teams. Midnight — bedtime I usually go to bed around midnight and get about 5-6 hours of sleep on weeknights. I reserve weekends for family time, unless there's a yacht show or an urgent client matter that needs my attention. In winter, we head to the Southern Alps, where our children ski competitively while my wife and I ski at a more leisurely pace. We also occasionally travel together for business trips and take short getaways to places like Florence or Northern Italy.

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