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Luxottica Group S.p.A. is the world's largest eyewear company. Its best known brands include Ray-Ban, Persol and Oakley, Inc.. It also makes sunglasses and prescription frames for a multitude of designer brands such as Chanel and Prada, whose designs and trademarks are used under license. Luxottica also makes sunglasses branded Burberry, Polo Ralph Lauren, Stella McCartney, Tiffany, Versace, Vogue, Miu Miu, Tory Burch and Donna Karan. Its prime competitor is the Safilo Group S.p.A.
In addition to making sunglasses, Luxottica also sells
them at retail chains it owns, likeSunglass Hut, Oliver Peoples and Pearle
Vision Center. In the United States, it also owns EyeMed Vision Care, putting
it on the buyers' side of the market as well. Since it rarely uses its own name
for any consumer products, and owns such a wide variety of brands, it has been
accused of using its power as a price maker to raise the cost of eyewear and
keep it high.
Type Società per azioni
Traded as
BIT: LUX, NYSE: LUX
Industry Eyewear,
fashion, luxury,manufacturing, retail,wholesale distribution
Founded Agordo,
Italy, in 1961
Headquarters Milan,
Italy
Area served Worldwide
Key people Leonardo
Del Vecchio (Founder and Chairman), Andrea Guerra(CEO)
Products Sunglasses,
spectacle frames, prescription frames
Services Opticians,
optical retail, sun retail
Revenue €6,222
million (2011)
Operating income
€807.0 million (2011)
Profit
€452.0 million (2011)
Total assets
€8,644 million (2011)
Total equity
€3,625 million (2011)
Employees 65,611
(2011)
Website luxottica.com
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