Profile: Luxottica Group SpA (LUX.N)
29 Apr 2016
Luxottica Group S.p.A., incorporated in 1981, is a holding company. The Company is engaged in the design, manufacture and distribution of fashion, luxury, sport and performance eyewear. The Company's product design, development and manufacturing take place in six production facilities in Italy, three factories in China, one production facility in Brazil and one production facility in the United States for sports and performance eyewear. It operates in two industry segments: manufacturing and wholesale distribution, and retail distribution. Through its manufacturing and wholesale distribution operations, the Company is engaged in the design, manufacturing, wholesale distribution and marketing of brands and designer lines of prescription frames and sunglasses, as well as of performance optics products. Through its retail operations, as of December 31, 2014, the Company owned and operated 6,471 retail locations around the world and franchised an additional 613 locations principally through its subsidiaries, Luxottica Retail North America, Inc., Sunglass Hut Trading, LLC, OPSM Group Limited, Oakley, Inc. (Oakley) and Multiopticas Internacional S.L. It operates its retail segment principally through its retail brands, which include LensCrafters, Sunglass Hut, Pearle Vision, ILORI, The Optical Shop of Aspen, GMO, OPSM, Laubman & Pank, Oakley O Stores and Vaults, David Clulow and its retail licensed brands, Sears Optical and Target Optical.
The Company's brands include Ray-Ban, Oakley, Vogue Eyewear, Sferoflex, Persol, Oliver Peoples, Alain Mikli and Arnette, and its licensed brands include Armani, Bvlgari, Burberry, Chanel, Coach, Dolce & Gabbana, DKNY, Michael Kors, Paul Smith, Ralph Lauren, Prada, Starck Eyes, Tiffany, Tory Burch, Tiffany & Co., Miu Miu and Versace. Its wholesale distribution network covers around 130 countries across five continents and has approximately 50 commercial subsidiaries providing direct operations in key markets. It is engaged in the prescription business in North America with its LensCrafters and Pearle Vision retail brands, in Australia and New Zealand with its OPSM and Laubman & Pank brands, in China with its LensCrafters brand and in Latin America with its GMO brand. Additionally, it operates a managed vision care network in the United States, through EyeMed. The Oakley brand provides wholesale and retail stores in both the performance optics and the sport channels. In its O Store locations, it offers Oakley eyewear styles in addition to a range of Oakley-branded products, such as apparel, footwear, backpacks and accessories designed for athletic lifestyles, such as surf, snow, golf, outdoor, motor sports and mountain biking. It also operates Oakley, Ray-Ban and Sunglass Hut e-commerce Websites.
The Company competes with Wal-Mart, Visionworks, Specsavers, Vision Service Plan (VSP), Davis Vision and Spectera.
Luxottica Group SpA
Piazzale Cadorna, 3