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May 22, 2015 9:22 PM 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, Bvlgari, Burberry, Chanel, Coac...

Piazzale Luigi Cadorna, 3

Milan, MI 20123

Italy

Founded in 1961

77,734 Employees

Key Executives for Luxottica Group SpA

Chief Executive Officer of Product & Operations and Director
Age: 41
Total Annual Compensation: $1.1M
Compensation as of Fiscal Year 2014.

Luxottica Group SpA Key Developments

Luxottica Group and Prada Group Renews Eyewear License Agreement

Luxottica Group and Prada s.p.a. announced the renewal of an exclusive license agreement for the design, production and worldwide distribution of prescription frames and sunglasses under the Prada and Miu Miu brands. The 10-year agreement will extend through December 31, 2025. The partnership between Luxottica and Prada Group illustrates a deep and on-going commitment to true Italian excellence based on creativity, craftsmanship and innovation.

Luxottica Group Approves Ordinary Dividend and Extraordinary Dividend

On April 24, 2015, the shareholders of Luxottica Group SpA approved the distribution of an ordinary dividend of €0.72 per share and an extraordinary dividend of €0.72 per share.

JD.com, Inc. Announces Partnership with Luxottica

JD.com, Inc. announced that it is partnering with Luxottica to offer a wide range of sunglasses from some of the global brands. The partnership will enable JD.com customers to purchase a range of luxury sunglasses from the leading brands in Luxottica's portfolio, including Ray-Ban, Oakley and Vogue. Most of the products will be available through JD.com's direct sales channel, enabling Luxottica to leverage JD.com's nationwide logistics network featuring standard same- and next-day delivery.

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Recent Private Companies Transactions

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Merger/Acquisition
October 10, 2014
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