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Last $66.05 USD
Change Today -0.55 / -0.83%
Volume 139.9K
LUX On Other Exchanges
Symbol
Exchange
New York
BrsaItaliana
OTC US
Munich
Stuttgart
As of 8:04 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

Piazzale Luigi Cadorna, 3

Milan, MI 20123

Italy

Phone:

Fax:

Luxottica Group S.p.A. engages in the design, manufacture, and distribution of fashion, luxury, sport, and performance eyewear. The company operates as a subsidiary of Delfin S.à r.l. Segments The company operates in two segments: Manufacturing and Wholesale Distribution; and Retail Distribution. The Manufacturing and Wholesale Distribution segment is engaged in the design, manufacturing, wholesale distribution and marketing of proprietary brands and designer lines of mid- to premium-priced prescription frames and sunglasses, as well as performance optics products. The Retail Distribution segment owns and operates retail locations worldwide. As of December 31, 2014, the company owned and operated 6,471 retail locations worldwide 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 Multiópticas Internacional S.L. Brands The company’s proprietary brands include Ray-Ban, Oakley, Vogue Eyewear, Persol, Oliver Peoples, Alain Mikli and Arnette. Its licensed brands include Armani, Bvlgari, Burberry, Chanel, Coach, Dolce & Gabbana, DKNY, Michael Kors, Paul Smith, Ralph Lauren, Prada, Starck Eyes, Tiffany, Tory Burch and Versace. The company operates in the prescription business in North America with its LensCrafters and Pearle Vision retail brands; in Australia and New Zealand with OPSM and Laubman & Pank brands; in China with LensCrafters brand; and in Latin America with GMO brand. In North America, the company also operates retail licensed brands, Sears Optical and Target Optical. Additionally, it operates a managed vision care network in the United States, through EyeMed. The company has a retail organization to support its sun and luxury retail brands, including Sunglass Hut, ILORI and The Optical Shop of Aspen. The Sunglass Hut brand, in particular, has a presence with stores in North America, Latin America, Asia-Pacific, South Africa, Europe and the Middle East. The Oakley brand provides a wholesale and retail (O Stores) presence in both the performance optics and the sport channels. In its O Store locations, the company offers Oakley eyewear styles in addition to Oakley-branded products, such as apparel, footwear, backpacks and accessories designed for athletic lifestyles. During 2014, the company added approximately 1,900 new styles to its eyewear collections. Each style is typically produced in two sizes and five colors. Sales and Distribution The company has four main distribution centers (hubs) in strategic locations serving its major markets: Sedico (Italy), Atlanta, Georgia (the United States), Ontario, California (the United States) and Dongguan (China). The company’s wholesale distribution structure covers approximately 130 countries, with approximately 50 commercial subsidiaries in major markets and approximately 100 independent distributors in other markets. Wholesale customers are retailers of mid-to premium-priced eyewear, such as independent opticians, optical retail chains, specialty sun retailers, department stores and duty-free shops. As of March 31, 2015, its retail business consisted of 6,457 corporate stores and 602 franchised locations. Suppliers Essilor International is a supplier of the company’s retail operations. Seasonality The company’s net sales are typically higher in the second quarter, which includes increased sales to wholesale customers and increased sales in the Sunglass Hut stores, and lower in the first quarter, as sunglass sales are lower in the cooler climates of North America, Europe and Northern Asia. Competition The company’s competitors in the design, manufacturing and wholesale distribution of prescription frames and sunglasses are De Rigo S.p.A.; Marchon Eyewear, Inc.; Marcolin S.p.A.; Safilo Group S.p.A.; Silhouette International; Schmied AG; and Maui Jim, Inc. History Luxottica Group S.p.A. was founded in 1961.

 

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