Key Developments: Luxottica Group SpA (LUX.MI)

LUX.MI on Milan Stock Exchange

11:37am EDT
Change (% chg)

€0.85 (+1.38%)
Prev Close
Day's High
Day's Low
Avg. Vol
52-wk High
52-wk Low

Search Stocks

Latest Key Developments (Source: Significant Developments) announces luxury sunglasses partnership with Luxottica
Sunday, 10 May 2015 10:30pm EDT 

Luxottica Group SpA:Announces luxury sunglasses partnership with Luxottica.Partnership will enable customers to purchase range of sunglasses from brands in Luxottica's portfolio.  Full Article

Luxottica Group SpA more than doubles dividend payment on FY 2014 results-Reuters
Monday, 2 Mar 2015 12:48pm EST 

Luxottica Group SpA:It would more than double its dividend payment to 1.44 euros a share, after reporting a 10 percent rise in operating income thanks to strong revenue growth-Reuters.proposes dividend of 1.44 euros per share vs 0.65 euros year earlier.Plans to pay an ordinary and extraordinary dividend of 72 euro cents each.  Full Article

Luxottica and Tory Burch renew eyewear license agreement
Friday, 19 Dec 2014 09:00am EST 

Luxottica Group SpA and Tory Burch LLC:Renewal of an exclusive license agreement.Under the ten-year agreement, Luxottica will design, manufacture and distribute sun and prescription eyewear globally under the Tory Burch brand through Dec. 31, 2024.  Full Article

Intel and Luxottica Group announces multiyear collaboration for Wearable Tech
Wednesday, 3 Dec 2014 08:05am EST 

Intel Corp:Intel Corporation and Luxottica Group S.p.A unveiled multiyear R&D collaboration to fuse premium, luxury and sports eyewear with smart technology.This strategic alliance will push boundaries of research and development to anticipate what smart technology for eyewear will look like in future.The ultimate goal is to help pioneer that change and deliver smart, fashion-forward products that are meaningful and desirable to consumers.The first product from Intel and Luxottica is expected to launch in 2015.  Full Article

Luxottica Group SpA signs deal with Intel to develop computerized eyewear
Wednesday, 3 Dec 2014 07:58am EST 

Luxottica Group SpA:Italy's Luxottica is joining forces with U.S. chipmaker Intel Corp to develop hi-tech glasses.The latest multi-year research and development accord, for which the companies provided no financial details, is aimed at producing frames that are "as intelligent and functional as they are beautiful", Luxottica Chief Executive Massimo Vian said in a statement.The first glasses are expected to launch next year.  Full Article

Luxottica Group SpA appoints Stefano Grassi as CFO
Wednesday, 29 Oct 2014 01:24pm EDT 

Luxottica Group SpA:Appoints Stefano Grassi as the Chief Financial Officer of the Group.  Full Article

Luxottica Group SpA says Chairman Leonardo Del Vecchio takes on executive responsibilities ad interim
Monday, 13 Oct 2014 05:37pm EDT 

Luxottica Group SpA:Says the Board of Directors accepted the resignation of Enrico Cavatorta from the Board following disagreements on the current governance structure.Roger Abravanel resigns from the Board of Directors for the same reasons.The Chairman Leonardo Del Vecchio takes on the executive responsibilities ad interim while the co-CEO of Markets selection process is being finalized.The appointment of Massimo Vian as co-CEO of Operations and Product will take place together with the appointment of the co-CEO of Markets.  Full Article

Luxottica Group SpA announces implementation of new governance structure based on co-CEO model
Monday, 1 Sep 2014 11:13am EDT 

Luxottica Group SpA:Announced the introduction of a new management structure based on a co-CEO model with one focused on Markets and the other dedicated to Corporate Functions.Enrico Cavatorta, current General Manager and CFO of the Group, was appointed CEO of Corporate Functions.He was also named as Interim CEO of Markets, pending the appointment of a permanent executive to this position.Operations, led by Massimo Vian, will temporarily report to the Chairman, Leonardo Del Vecchio.An Executive Committee, led by the Chairman, will be created to support the management of the Group during this new phase.Following a period of debate with Chairman Leonardo Del Vecchio over the Group’s future strategy and direction, Andrea Guerra leaves as Group CEO after a 10-year period of organizational consolidation and managerial growth.  Full Article

Luxottica Group SpA announces new license agreement with CHANEL
Thursday, 24 Jul 2014 11:38am EDT 

Luxottica Group SpA:Signed with CHANEL a new license agreement for the exclusive development, manufacture and worldwide distribution of CHANEL prescription frames and sunglasses through Dec. 31, 2018 (renewable until Dec. 31, 2020).The objectives of the new license agreement are to build a product line combining CHANEL’s creation with Luxottica’s experience and manufacturing capabilities.  Full Article

Luxottica Group SpA approves FY 2013 dividend
Tuesday, 29 Apr 2014 11:18am EDT 

Luxottica Group SpA:Approves the distribution of a cash dividend of 0.65 euros per ordinary share for FY 2013.Dividends on ordinary shares will be payable on May 22, with an ex dividend date of May 19, and a record date of May 21.  Full Article

Search Stocks