December 11, 2016 12:33 AM ET

Textiles, Apparel and Luxury Goods

Company Overview of Luxottica Group SpA

Company Overview

Luxottica Group S.p.A., together with its subsidiaries, provides fashion, luxury, sports, and performance eyewear worldwide. It operates through two segments, Manufacturing and Wholesale Distribution, and Retail Distribution. The Manufacturing and Wholesale Distribution segment engages in the design, manufacture, wholesale distribution, and marketing of proprietary brands and designer lines of prescription frames and sunglasses, as well as performance optics products. This segment offers its products under proprietary brands, such as Ray-Ban, Oakley, Vogue Eyewear, Persol, Oliver Peoples, Alain Mikli, and Arnette; and licensed brands, including Giorgio Armani, Emporio Armani, Armani Exchange...

PIAZZALE CADORNA, 3

Milan, MI 20123

Italy

Founded in 1961

79,000 Employees

Phone:

39 02 863 341

Key Executives for Luxottica Group SpA

Chief Executive Officer of Product & Operations and Director
Age: 43
Total Annual Compensation: €2.5M
Compensation as of Fiscal Year 2015.

Luxottica Group SpA Key Developments

Luxottica Group S.p.A Reports Group Sales Results for the Third Quarter and Nine Months Ended September 30, 2016

Luxottica Group S.p. A reported group sales results for the third quarter and nine months ended September 30, 2016. For the quarter, the company reported net sales of €2,225 million compared to €2,155 million a year ago. Adjusted net sales of €2,225 million compared to €2,199 million a year ago. Net sales up by 3.2%, driven by solid results in Europe and some emerging markets, the overall acceleration of retail and an extended summer season which favored the success of the Group's new collections. For the nine months, the company reported net sales of €6,944 million compared to €6,822 million a year ago. Adjusted net sales of €6,944 million compared to €6,952 million a year ago.

Luxottica Group Seeks Acquisitions

Luxottica Group SpA (BIT:LUX) is seeking acquisitions. Massimo Vian, Chief Executive Officer of Product & Operations, said, "Yes. M&A, as I said earlier today during some interviews, I think it's more like a sentence that we keep repeating and repeating. But as we are repeating it because it's true. We are very, very active in some opportunities. I would say more probably on the market side and distribution side to see whether there are areas with growth potential that we can accelerate."

Luxottica Group SpA Presents at Italian M&A and Private Equity Forum 2016, Oct-20-2016 09:15 AM

Luxottica Group SpA Presents at Italian M&A and Private Equity Forum 2016, Oct-20-2016 09:15 AM. Venue: Hotel Principe di Savoia, Piazza della Repubblica, 20124 Milan, Italy. Speakers: Stefano Grassi, Chief Financial Officer.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
November 25, 2016
Salmoiraghi & Viganò S.p.A.
Buyback
May 13, 2016
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