Luxottica Group
 |
|
| Società per azioni | |
| Traded as |
BIT: LUX : LUX FTSE MIB Component |
| Industry | Eyewear manufacturing, luxury, eyewear manufacturing and wholesale distribution, eyewear retailing |
| Founded | 1961 (Agordo, Italy) |
| Headquarters | Milan, Italy |
|
Area served
|
Worldwide |
|
Key people
|
Leonardo Del Vecchio (Founder and Executive Chairman) Massimo Vian (CEO, Product and Operations) |
| Products | Sunglasses, spectacle frames, prescription frames |
| Services | Opticians, optical retail, sun retail |
| Revenue | € 9.086 billion (2016) |
| € 1.345 billion (2016) | |
| Total assets | € 10.300 billion (2016) |
| Total equity | € 5.784 billion (2016) |
|
Number of employees
|
82,282 (2016) |
| Divisions | Ray-Ban, Persol, Oakley, LensCrafters, OPSM, Sunglass Hut, Apex by Sunglasshut, Eyemed, Pearle Vision, Sears Optical, Glasses.com, Onesight |
| Website | luxottica |
Luxottica Group S.p.A. is the world's largest eyewear company. It is based in Milan, Italy.
As a vertically integrated company, Luxottica designs, manufactures, distributes, and retails its eyewear brands, including LensCrafters, Sunglass Hut, Apex by Sunglass Hut, Pearle Vision, Sears Optical, Target Optical, Eyemed vision care plan, and Glasses.com. Its best known brands are Ray-Ban, Persol, and Oakley.
Luxottica also makes sunglasses and prescription frames for designer brands such as Chanel, Prada, Giorgio Armani, Burberry, Versace, Dolce and Gabbana, Miu Miu, DKNY, and Tory Burch.
In January 2017, Luxottica announced a merger with Essilor to be completed by mid-2017, resulting in combined market capitalization of approximately €46 billion. The combined entity will command more than one quarter of global value sales of eyewear.
Leonardo Del Vecchio started the company in 1961, in Agordo north of Belluno, Italy; today the company is headquartered in Milan.
Del Vecchio began his career as the apprentice to a tool and die maker in Milan, but decided to turn his metalworking skills to making spectacle parts. So in 1961, he moved to Agordo in the province of Belluno, which is home to most of the Italian eyewear industry. The new company was Luxottica s.a.s., a limited partnership with Del Vecchio as one of the founding partners. In 1967, he started selling complete eyeglass frames under the Luxottica brand, which proved successful enough that by 1971 he ended the contract manufacturing business.
...
Wikipedia