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February 09, 2016 6:08 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, Bvlgari, Burberry, Chanel, Coac...

Piazzale Luigi Cadorna, 3

Milan, MI 20123

Italy

Founded in 1961

78,000 Employees

Key Executives for Luxottica Group SpA

Chief Executive Officer of Product & Operations and Director
Age: 42
Total Annual Compensation: $1.1M
Compensation as of Fiscal Year 2014.

Luxottica Group SpA Key Developments

Adil Mehboob-Khan Departures as CEO of Luxottica Group

Luxottica Group's internal strife continues as former chief executive Adil Mehboob-Khan has departed the company. Mehboob-Khan was the third CEO at the company, which makes Ray Ban sunglasses, in the past 15 months. company founder Leonardo Del Vecchio will take over at the end of February.

Luxottica Group SpA Reports Sales Results for the Fourth Quarter and Full Year Ended December 31, 2015

Luxottica Group SpA reported sales results for the fourth quarter and full year ended December 31, 2015. For the quarter, net sales were EUR 2,015 million against EUR 1,867 million a year ago. Adjusted net sales were EUR 1,301 million against EUR 1,187 million a year ago. For the year, net sales were EUR 8,837 million against EUR 7,652 million a year ago. Adjusted net sales were EUR 5,418 million against EUR 4,505 million a year ago.

Luxottica Group SpA to Report Fiscal Year 2015 Sales/Trading Statement Results on Jan 29, 2016

Luxottica Group SpA announced that they will report fiscal year 2015 sales/trading statement results on Jan 29, 2016

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
July 30, 2015
Luxottica Nederland B.V.
Merger/Acquisition
July 1, 2015
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