December 17, 2017 10:59 AM ET

Textiles, Apparel and Luxury Goods

Company Overview of Luxottica Group S.p.A.

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 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, Brook...

Piazzale Luigi Cadorna 3

Milan, MI 20123

Italy

Founded in 1961

80,000 Employees

Phone:

39 02 863 341

Fax:

39 02 8633 4636

Key Executives for Luxottica Group S.p.A.

Founder, Executive Chairman, Chief Executive Officer and Executive President
Age: 82
Total Annual Compensation: €1.0M
Chief Executive Officer of Product & Operations and Director
Age: 44
Total Annual Compensation: €2.1M
Compensation as of Fiscal Year 2016.

Luxottica Group S.p.A. Key Developments

Tiffany & Co. Strengthens Eyewear Offering with Renewed Luxottica Group License Agreement

Luxottica Group and Tiffany & Co. announced the renewal of an exclusive license agreement for the development, production and worldwide distribution of sunglasses and prescription frames under the Tiffany & Co brand. The agreement is scheduled to expire on December 31, 2027, subject to the terms and conditions therein. The first collection under Tiffany's new artistic direction is the Avant Premier, which draws on the graphic Tiffany T motif, with select designs now available at the Fifth Avenue store in New York as part of the new Home & Accessories launch. This new collection will be rolled out globally across more than 100 Tiffany stores and on Tiffany.com as well as Luxottica's distribution network of more than 11,000 doors beginning in May 2018.

Luxottica Group S.p.A., Q3 2017 Sales/ Trading Statement Call, Oct 23, 2017

Luxottica Group S.p.A., Q3 2017 Sales/ Trading Statement Call, Oct 23, 2017

Luxottica Announces Earnings Results for the First Half of 2017

Luxottica announced earnings results for the first half of 2017. For the period, the operating income had EUR 900 million. The company achieved the record net income in the first half, EUR 567 million. The company also reported solid performance in the first half of the year, with sales of by 4.2%, 1.8% constant ForEx, over EUR 4.9 billion. A record made of EUR 535 million of free cash flow generation in 6 months only.

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