Articles about Luxottica

New CEO at Luxottica

The largest eyewear brand globally, Luxottica yesterday made a senior Procter & Gamble manager its new co-chief, after two chief executives had left the company within six weeks.

Posted by

Read more…


Ray-Ban owner's profit up by 11%

Luxottica’s profit rose by 11 per cent in the second quarter after encouraging performance at its wholesale business pushed its overall results upward.

Posted by

Read more…


Luxottica signs licensing deal with Michael Kors

Luxottica has signed a ten-year licensing agreement with Michael Kors Holdings Limited, according to reports.

Posted by

Read more…


Luxottica profits continue to grow despite volatile currencies
Photo credit: Luxottica

The company behind Ray Ban, Oakley and Armani branded glasses is in the process of finalising a new license deal for 2014 and expects net profits to continue to rise in the final quarter, according to its CEO, Andrea Guerra. Speaking during an interview with Reuters, the Luxottica boss expressed confidence in the company’s ability to match an 8 per cent rise in third quarter profits.

Posted by

Read more…


Luxottica said to be eyeing Brazil and Asia for expansion
Photo credit: Ray Ban

The world’s largest eyewear group is thought to be continuing its expansion into emerging markets as it looks to offset a decline in demand for luxury on a global scale. The Milanese company, which owns Ray-Ban, Oliver Peoples and Oakley and holds the licenses to produce eyewear for Prada, Chanel, Stella McCartney and Versace, is now reported to be considering expanding into Brazilian and Asian markets.

Posted by

Read more…


Luxottica rebounds with 12% rise in Q4

Luxury eyewear maker Luxottica SpA on Wednesday announced fourth quarter sales grew 12 per cent on strong demand from emerging markets, as well as a rebound in Australia. The Italian group said net sales rose to EUR 1.51 billion in the last three months of the year from EUR 1.35 a year before.

Read more…


Luxottica in talks for Giorgio Armani tie-up

Luxottica Group SpA has confirmed talks with Giorgio Armani SpA to produce glasses for the designer under license. The eyewear specialist is keen to close a deal with the fashion house, which is one of the world’s most coveted labels. Luxottica chief executive Andrea Guerra told press “Yes we are in talks with Armani,” as the company battles with rival eyewear maker Safilo for the licensing contract.

Read more…


Wolford appoints Stefanutto as new md

Ermes Stefanutto has been appointed managing director for hosiery brand Wolford's UK and Irish business. The former commercial director for Luxottica will be responsible for the brand across wholesale and retail divisions. He will be in charge of strengthening the partnerships with key accounts whilst developing Wolford’s retail presence.

Read more…


Luxottica (LUX.MI), the world's biggest premium eyewear group, expects a solid 2011 after stronger demand for luxury brands, especially in the United States and Asia, boosted 2010 sales to record levels. The maker of Ray-Ban and Oakley sunglasses said on Monday 2010 net sales hit a record 5.80 billion euros ($7.9 billion), helped by consumers' improving confidence in its key U.S. market and a more customer-focused retail business. Read more on Reuters



Read more…