n, Paul Smith, Polo Ralph Lauren, Prada, Starck Eyes, Stella McCartney, Tiffany, Tory Burch and Versace. The company operates in the prescription business in North America with its LensCrafters and Pearle Vision retail brands; in the Asia-Pacific with OPSM and Laubman & Pank brands; in China with LensCrafters brand; and in South America with GMO brand. Sales and Distribution The company’s distribution channels are complemented by an e-commerce component, including the Oakley, Ray-Ban, Sunglass Hut, and Target Optical Websites. The company has four main distribution centers (hubs) in strategic locations serving its major markets: Sedico (Italy), Atlanta (the United States), Ontario (the United States) and Dongguan (China). Suppliers The company’s major supplier includes Essilor International. The company and Essilor International has formed a long-term joint venture for the Australian and New Zealand markets. This alliance manages Eyebiz Laboratories Pty Ltd, which provides lens manufacturing, finished lenses, and fitting services for Australia and New Zealand. Trademarks and Patents The company’s principal trademarks or trade names include Luxottica, Ray-Ban, Oliver Peoples, Oakley, Persol, Vogue, Arnette, LensCrafters, Sunglass Hut, ILORI, Pearle Vision, OPSM, Laubman & Pank, and the Oakley ellipsoid ‘O’ and square ‘O’ logos. Its principal trademarks are registered worldwide. As of March 31, 2014, the company held a portfolio of approximately 700 (mostly Oakley-related) patents worldwide that protect its designs and innovations. Customers The company sells its products to the U.S. government, including the U.S. military, and to international governments, certain Oakley and ESS protective eyewear and other products. Seasonality The company experiences sales volume fluctuations by quarter due to seasonality associated with the sale of sunglasses. Its net sales are higher in the second quarter, which includes increased sales to wholesale customers and increased sales in 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. Significant Events In November 2014, Intel Corporation and Luxottica Group S.p. A unveiled a multiyear R&D collaboration to fuse premium, luxury and sports eyewear with smart technology. Competition The company’s competitors in the design, manufacturing and wholesale distribution of prescription frames and sunglasses include 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. EyeMed’s competitors include Vision Service Plan (VSP), Davis Vision and Spectera. History Luxottica Group S.p.A. was founded in 1961.
luxottica group spa-spon adr
(LUX:Stuttgart Stock Exchange)
Via C. Cantù 2
Milan, MI 20123
Phone: 39 02 863341
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