Luxottica Group SpA

Sector: Ophthalmic Goods Region: Italy

Exchange/Ticker: OTC Bulletin Board: LUXGF | Milan Stock Exchange: LUX | New York Stock Exchange: LUX

Company Description

Luxottica Group SpA engages in the production and sale of sun and prescription eyewear. The company operates through three divisions: Wholesale distribution, Retail network and Oakley. The Wholesale Distribution division is covering 130 countries across five continents, has 18 distribution centers and over 40 commercial subsidiaries providing direct operations in key markets. The Group is currently seeking to penetrate emerging markets and is exploring new channels of distribution such as department stores, airports and railway stations. The Retail Distribution division operates through retail brands, which include, LensCrafters, Sunglass Hut, Pearle Vision, OPSM, Laubman & Pank, Bright Eyes, Oakley 'O' Stores and Vaults, David Clulow, Multiopticas and Licensed Brands (Sears Optical and Target Optical). The Oakley division provides sports channel through a chain of flagship O stores. In these stores, the Group offers a variety of Oakley-branded products, like clothes, footwear, backpacks and other accessories. Oakley-branded products include men's and women's apparel, footwear and accessories designed for surf, winter sports, golf, motorcycling, cycling and other athletic lifestyles. Luxottica Group was founded by Leonardo Del Vecchio in 1961 and is headquartered in Milan, Italy.

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